Session Opening Range Breakout Using Post-Open Highs and Lows

Summary

This TradingView strategy tracks the highest high and lowest low during a configurable opening window, which defaults to 09:30–09:50 exchange time. After that window ends, it enters long when the close crosses above the range high and short when the close crosses below the range low. The range resets at the start of each new day, so signals use that day’s opening prices.

The document explains the breakout concept and provides Pine Script rules and chart visuals for the range. It supplies no performance results or exit rules; entries are described, but trade management beyond the entry logic is not specified. The stated rationale is that early-session prices may define useful support and resistance and a break may signal directional momentum. False breakouts and suitability across markets or session conventions are not evaluated, so the strategy description alone does not establish profitability.

Key ideas

• The strategy records the highest high and lowest low during a configured opening session.
• It opens a long position when the close crosses above the completed range high.
• It opens a short position when the close crosses below the completed range low.
• The range resets each day, and the document does not specify stop-loss or take-profit rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.