Opening Range Breakdown Stock Alerts
Find stocks breaking below their opening range with ChartsWatcher. The selected timeframe defines the first regular-session candle used as the reference.
Understand the trigger
What is Opening range breakdown?
ChartsWatcher defines the opening range using the first candle after the regular market opens, on the selected timeframe. The Opening Range Breakdown alert identifies a break below that range. Choosing five minutes uses the first five-minute candle; choosing fifteen minutes establishes a different opening reference. The documented choices span one through sixty minutes among the listed intervals, and the alert runs during the regular market.
An illustrative example
Opening range breakdown in practice
Imagine the first five-minute candle after the market opens ranges from $30.10 to $30.70. A subsequent move below $30.10 illustrates a breakdown beneath that opening range. Selecting fifteen minutes would instead use the first fifteen-minute candle’s range, which could have different boundaries.
Make it part of your workflow
Catch the event. Keep the context.
Use ChartsWatcher to monitor opening references without manually drawing the first candle’s range for every stock. Select the interval that matches your review, then inspect the opening candle, the breakdown, and current volume on the chart. A change-from-open filter can add context about the stock’s overall movement since the session began.
ChartsWatcher brings your chosen alert types and filters into the same alert window. Add the data columns you want to see, then use the connected chart and news tools to explore a matching symbol.
Explore the alert windowBefore you build
A little more detail.
How do I add Opening range breakdown in ChartsWatcher?
Open or create an alert window and choose Opening range breakdown in its configuration. Select the available options that match your setup, then add filters to define which stocks can trigger it. Review matching alerts alongside a chart and the stock’s news.
What should I check before using this alert?
The range is defined by the first candle of the selected timeframe, not an arbitrary opening window. A break beneath it may later reverse back inside the range.
From an idea to your own scan.
Use Opening range breakdown with the other conditions that define your setup. Keep matching stocks, charts, and news together, with a configuration you can refine as you go.