Opening Range?

Hi,
would someone mind explaining me what "Opening Range" is?
Thanks

Can you be a little bit more specific as of in which context was that taken from please?

It means Different things in Different Markets.

FX:
Subjective but usually taken to mean 10 to 15% of the Median Daily Range of the specific Pair.
It may be usefull in determining the Direction for the Day by watching to see how long it takes to break out of the Session Start "Opening Range".

Commodity Futures:
The Price Range that your Brkr is legit in filling you on your "Buy/Sell @ Open" Order.
Usually determined within the first 5 Minutes of the Market Open.

So, as WTB stated, can you be more specific as the above are very concise descriptions.

Thanks bemac,
it was in context with Toby crabel's "opening range breakout" defined in his rare book "Day Trading With Short Term Price Patterns And Opening Range Breakout". It confused me cause he wrote: "When the predetermined amount (the stretch) is computed, a buy stop is placed the amount above the high of the opening range and a sell stop is placed the same amount below the ow of the opening range".
What confused me was that he wrote "above/below the opening range", whereas he didn't define the opening range. I think i just mistakenly understood the writing above and i think the stretch itself is the opening range.
I hope you understand what i'm writing here, because it's hard to understand when you don't own the book.

Thank you
-mike

Very good book. you found a gem.

opening range is simply the 1 min, 5 min, 15min, 30 min, and or 1hour after the exchange or market opens. It shows the bias of the people or the algo.

If you dont believe in algo, people normally recove market reports pre open of the market and they read that and normally and then they decide to do their orders within the first few minutes to an hour of the day.

If you believe in the algo, this is the tine when the cme executes the orders.

A quote from blueberry markets:

The Opening Range Breakout (ORB) Strategy involves taking forex positions when the currency pair prices break below or above the previous day's high or low. The opening range price is what you see during the first trading hour.

The "Opening Range" refers to a specific time period at the beginning of a trading session, typically the first few minutes or hours, during which the price range of a financial instrument is established. It represents the high and low prices reached within that timeframe. Traders often pay close attention to the Opening Range as it can provide valuable insights into market sentiment and potential trading opportunities. It helps to identify key support and resistance levels, breakout points, and establish trading strategies for the rest of the session.

There's nothing to add here.