Trends/Gaps and breakouts

Opening range breakout

Price moves beyond the high or low of the first 30 minutes of the day.

Gaps and breakoutsBest on 1D, 5DAlso called ORB

Illustration of the opening range breakout shape. It is a sketch, not real price data.

What it shows

The opening range is the high and low of the first 30 minutes after the market opens. A breakout is a close above the high or below the low after that.

It is an intraday description and uses minute bars.

How we find it

The same code that draws it on your chart follows these steps, with the same result every time.

Find the high and low of the first 30 minutes.
Draw both lines across the day.
Mark a break when a bar closes above the high or below the low.
Show the time.

Starting values: Window 30 minutes. These are proposed and will be tuned on real price data before launch.

How to read it

The shaded box is the opening range.
Lines extend across the day.
The gold dot is the first close outside.

Status labels you may see

Label	What it means
Above range	Close above the opening high.
Below range	Close below the opening low.
Inside	Close inside the range.

What cancels it

Resets each day.

What traders check next

Time of the break.
Volume.
Size of the opening range.

Limits

Only for intraday data.
Window length is a choice.
Many days stay inside.

Try it in forecastviz

Open any ticker and choose Gaps and breakouts → Opening range breakout in the left menu.
Switch between 1D, 5D to see how the picture changes.
Compare with Range breakout and VWAP on the same chart.

Open on a ticker

Questions

Why 30 minutes?

It is a common choice. Others use 5, 15 or 60.

Does it work?

We make no claim.