-This tool allows the user to encapsulate (box-in) a single session (Asian, London, New York - Only on the 1H Time Frame) trading range and then calculates the 50% midpoint of the single session high and low (the past six sessions are displayed).
-This information is beneficial if you are looking to trade during specific Time Price Opportunities during a given session (TPO). If you understand Supply & Demand, this additional information on your chart will help filter out a lot of the noise, allowing you to focus on associated price movement during those specific TPOs around your Supply & Demand Zones.
-This tool includes VWAP (Volume Weighted Average Price)
-Why do we need it? The volume-weighted average price (VWAP) is a statistic traders use to determine the average price of an instrument based on BOTH price AND volume.
-Why is it important? VWAP is important because it provides traders with insight into both the traded instrument's trend and value.