the opening week range report on edgeful measures the high-low range of the first 1, 2, or 3 days of the week and tracks how often the rest of the week breaks above, breaks below, breaks both sides, or stays contained.

generates clean weekly statistics on how the opening week range holds and how price extends past it.

this is one of the 150+ reports available on the edgeful platform. here's how it works, what the data shows, and how traders use it.

table of contents

• what the opening week range report measures
• how the calculation works
• available subreports
• how traders use opening week range data
• combining opening week range with other reports
• key takeaways

what the opening week range report measures

groups historical data by ISO week and pulls the opening period (Monday only, Monday-Tuesday, or Monday-Wednesday). calculates the opening week range and then checks the rest of the week for breakouts above, breakdowns below, both, or neither.

the report is available for futures, stocks, ETFs, forex, and crypto. you can filter by ticker, session (NY, London, Asian, full globex, or custom), opening days (1, 2, or 3), week range size, and lookback period.

how the calculation works

the opening week range report walks every week in the lookback and compares the opening period to the rest of the week.

• the report groups historical data by ISO week
• it pulls the opening period (Mon, Mon-Tue, or Mon-Wed) and calculates opening_high and opening_low
• it computes the opening week range percentage (range divided by low, times 100)
• for the rest of the week it checks whether price broke above opening_high, below opening_low, both, or neither
• counts and percentages are reported by break type
• optional week range size filtering isolates only weeks within specific volatility bands

available subreports

the opening week range report has 1 subreport for deeper analysis:

by levels. measures how far past the opening week range price extends in either direction. tracks hit rates at preset extension levels from 0.5% to 4.0% of the opening week range. surfaces realistic profit targets based on historical extension behavior.

how traders use opening week range data

• building weekly bias from the opening period instead of guessing at Monday's close
• setting weekly profit targets using the by-levels extension data
• knowing when to fade vs follow a Wed-Fri break of the opening week range
• filtering for weeks with a specific opening range size (narrow openings tend to expand differently than wide ones)
• pairing with seasonality and performance trends for a full top-down weekly view

the data doesn't tell you to trade. the opening week range report tells you the historical performance of the setup in front of you. what you do with that information is your decision.

results require customization, time, and effort. the numbers change depending on your ticker, session, and lookback period. always check the data for your specific conditions.

combining opening week range with other reports

the opening week range report works best when combined with other edgeful reports for confluence:

• use the what's in play dashboard to see opening week range data alongside your other favorite reports in one view
• the screener lets you scan up to 49 tickers for opening week range setups across 4 reports simultaneously
• edgeful AI can analyze opening week range data alongside other reports and find patterns you'd never spot manually

key takeaways

• the edgeful opening week range report measures how often the rest of the week breaks the high or low of the opening 1-3 days
• available for futures, stocks, ETFs, forex, and crypto with full session, ticker, opening days, and range size filtering
• 1 subreport available: by levels
• part of the 150+ reports included in the edgeful essential plan ($49/month or $39/month annual)
• works best when combined with other reports using what's in play, the screener, or edgeful AI

trading involves risk. past performance and historical data do not guarantee future results. the statistics referenced in this post are based on historical data and may not reflect future market conditions. always trade with proper risk management.