This video highlights a new periodicity in Investor/RT 13.1 called the POC Breakout periodicity. This periodicity requires a bar to reach a user-specified minimum POC Volume, and then continues to form until price breaks out of the range that was achieved while building to the POC Volume to that level. This periodicity combines a volume component with a range component.
Attempts to identify a breakout from an instruments Initial Balance. Part of the Homework education series.
How frequently does price break above the IB high, below the IB low, to both side, or stay inside the IB for the duration of the session?
IB - Initial Balance - Range in which price traded for the first hour of the day session, typically 9:30am ET to 10:30am ET for the ES. IBH = IB high. IBL = IB Low.
IB High Breakout Only = 36.6%, IB Low Breakout Only = 29.7%, Breakout to Both Sides = 31.6%, No Breakout = 2.1% (1,000 days ending 11/23/10)