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Effective average action based approach to correlation functions at finite momenta

We present a truncation scheme of the effective average action approach of the nonperturbative renormalization group which allows for an accurate description of the critical regime as well as of correlation functions at finite momenta. The truncation is a natural modification of the standard derivative expansion which includes both all local correlations and two-point and four-point irreducible correlations to all orders in the derivatives. We discuss schemes for both the symmetric and the symmetry broken phase of the O(N) model and present results for D=3. All approximations are done directly in the effective average action rather than in the flow equations of irreducible vertices. The approach is numerically relatively easy to implement and yields good results for all N both for the critical exponents as well as for the momentum dependence of the two-point function.