medium · Order Flow Analysis footprint-delta

In the provided 'Value Area' calculation example, if the target is to contain 70% of the session's volume, what determines whether you add the price pair 'above' or 'below' the current POC to the Value Area first?

1. The pair closest to the 'Previous Day's Close' is always added first, to maintain mark-to-market consistency.
2. You add the pair with the highest 'Ask Volume' to identify where the most aggressive buying is concentrated.
3. You compare the combined volumes of the next two prices above versus the next two prices below and add the higher pair.
4. You alternate adding one price level above and one price level below until the 70% volume threshold is finally met.

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