📈 Opening Range Breakout Strategy Explained with Python Code
Trading in the stock market can be exciting and challenging! One popular strategy many traders use is the Opening Range Breakout (ORB) . Today, we'll learn what ORB is and see a simple Python example to understand how it works. What is Opening Range Breakout? The Opening Range is the price range (high and low) of a stock during the first few minutes after the market opens—usually the first 30 to 60 minutes . The breakout happens when the price moves above the high or below the low of this opening range. Traders use this breakout to decide when to enter or exit a trade. Why use ORB? It helps catch early momentum in the market. Simple and easy to understand. Works well in volatile markets. How Does ORB Work? Watch the stock price for the first 30–60 minutes after market open. Note the highest price (high) and lowest price (low) in this time. If the price breaks above the high , it’s a signal to buy (go long). If the price breaks below t...