medium · Volume Price Analysis

During the Asian session, a minor FX pair shows a narrow-spread up candle with tick volume 1.5 × its session average.

How should this be weighted compared to the same signal in the London session?

  1. It carries less weight because absolute activity levels in Asia are lower
  2. The weight assigned is identical because VPA is treated as session-agnostic
  3. It carries more weight because a 1.5x reading is a comparatively larger surge
  4. Weight is set only by the spread-to-volume ratio, never by the session itself

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