Just technically speaking the best approach to find the value area would use the median. The median divides the volume into to equal fractions of 50%, half of the volume of the current session can be found above the median and half of the volume can be found below the median.


When 68% of the daily volume is used to identify the value area, then the picture would be as shown below.




Alternatively Median and value area can be calculated from TPOs. In that case the value area is narrower.




As you said the VWAP helps with confluent trade locations as it is widely used by large traders. The bands that I use are modified standard deviation bands and cannot be compared with the VWAP bands used by the ACME indicator.

We have a beautiful short right off of yesterday's POC. Market is doing what I was looking for yesterday morning. Nice to see this come to fruition.

PB- why was it a short? Obviously it went down but what was reason for selling it? Wouldnt an open at previous days vpoc indicate chop?

When we get a short covering profile like this

"P" shape

I merged yesterdays with Tuesdays

We normally get a correction to the down side

Right PB?

Attachment 101137

Here's an encore trade. This may have limited opportunity but the symmetry was good. Sold the DVAH which was confluent with yesterday's low. Got fully scaled out and just waiting to see what happens. Could get nailed on remaining 1/3 but in a guaranteed profitable position now.