ORD5
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Streaming Alert (Scanner)
5 Minute Opening Range Breakdown Alert (ORD5)
By Daniel Mirkin, CEO, Trade Ideas. Updated October 2026.
Find stocks breaking below their 5-minute opening range in real time with Trade Ideas Streaming Alerts (Scanner). The 5-minute opening range is the high and low of the first 5 minute candle of the day. An opening range breakdown is the first time price trades below that low.
Stocks moving off the open.
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Streaming Alerts show an opening range breakdown the moment price drops under the first candle's low.
How Trade Ideas finds it: by default, the 5-minute opening range breakdown alert is automatically triggered when a stock's price breaks below support for the first time during the trading day. See Trade Ideas plans and pricing to run it live.
What is an opening range breakdown?
An opening range breakdown is the first time a stock trades below the low of its first candle. For ORD5 the first candle is the first five minutes of the session.
Traders use it to see which stocks are failing to hold their early range.
Parts of an opening range breakdown
Opening candle
The first 5 minute candle sets the box.
Range low
The bottom of that candle. This is the line to watch.
First break lower
The first trade under the range low sends the alert.
How traders use it
Step 1: Let the Trade Ideas alert find it
Use ORD5, the 5 Minute Opening Range Breakdown alert. It marks the opening candle on every stock and alerts on the first trade below its low. See it live in the Web Dashboard.
Step 2: Wait for the trigger
Key point
Some act on the alert right away. Others want a 5 minute close below the range low.
Step 3: Entry
Shorts often enter on the break or a bounce back to the range low that fails.
Step 4: Exit
Above the range high, or above the midpoint for a tighter plan, is where stops usually go. That is customary, not a recommendation.
Tips
- Weak market opens produce more breakdowns.
- A gap down plus a breakdown is a common combination traders watch.
- Be careful with hard-to-borrow stocks.
- Pair it with Opening Range Breakout (ORU5) to see both sides.
Past results, including backtests, are not indicative of future results.
How the 5 Minute Opening Range Breakdown alert works
Trader tip
These alerts define support as the lowest point in the first candle of the day. Resistance is the highest point in the first candle. The first time we break above resistance, that's an opening range breakout. The first time we break below support, that's an opening range breakdown. You can choose between 1, 2, 5, 10, 15, 30 and 60 minute candles. 15 is the most popular choice, but they are all valid.
Many trading strategies tell the trader to watch a stock closely from the open, but not to make any trades until the market has settled down. Wait for the stock to choose a direction. Use the size of the first candle to tell you how much the stock has to move before it has selected a direction.
Example
These alerts automate the strategy described above. Instead of watching one stock closely, let our software search through the entire market to tell you what's hot. Scans like these monitor all stocks on various time frames. Let's say, for example, that you don't like to start trading until 10 o'clock. Bulls and bears will become obvious at that time if you watch the 30 minute opening range breakouts and breakdowns. In addition to picking individual stocks, you can use the alerts to get a feel for the overall market. Gauge the strength or weakness of the market based on the number of breakouts vs. breakdowns that you see.
These are powerful alerts because the stock price must pass through two forms of support or resistance. A breakout alert only occurs when the stock price breaks above the high of the first candle, for the first time all day. That means that the stock is also making new daily highs at the same time as it is crossing the resistance line described above. For the same reason, a breakdown alert means that the stock is making new lows for the day at the same time as it is passing through the support described above.
Keep in mind
Note: Each stock has its own clock. We start the clock when a stock has its first print of the day. For NYSE stocks we ignore any prints before the specialist opens the market.
Default settings
By default, the 5-minute opening range breakdown alert is automatically triggered when a stock's price breaks below support for the first time during the trading day. To align with each alert, it's essential to utilize the corresponding time frame on the chart. For instance, the 5-minute opening range breakdown is visualized on the 5-minute candlestick chart.
What the alert shows you
Key point
The description column of this scan will display "Opening Range Breakdown (5 minutes)", providing you with a clear indication of the specific alert that has been triggered.
Related alerts
Filters to pair with the 5 Minute Opening Range Breakdown alert
Categories
FAQ
Which stocks just broke down below their 5 minute opening range?
Turn on the 5 Minute Opening Range Breakdown alert (ORD5) in Trade Ideas Streaming Alerts. By default, the 5-minute opening range breakdown alert is automatically triggered when a stock's price breaks below support for the first time during the trading day.
What is the 5 Minute Opening Range Breakdown alert?
The 5-minute opening range is the high and low of the first 5 minute candle of the day. An opening range breakdown is the first time price trades below that low.
What is the opposite of the 5 Minute Opening Range Breakdown alert?
What is an opening range breakdown?
The first time price trades below the low of the first candle of the day.
Does ORD5 use the first 5 minutes?
Yes. Other versions use 1, 2, 10, 15, 30 or 60 minutes.
Is an opening range breakdown a short signal?
Some traders use it that way. Others use it to avoid buying weak stocks.
Does it alert premarket?
No. The range starts at the regular session open.