medium · Volume Price Analysis vpa-core
In a tick-volume based environment like spot Forex, you see a 'wide spread down' candle on 'average tick volume' during the quiet Asian session.
How does its significance compare to the same signal during the New York open?
- Tick volume is roughly 90% accurate, regardless of which trading session it is
- It is more significant, since it happened during a period of unusually low liquidity
- It is an anomaly, since tick volume should always run high whenever a candle has a wide spread
- It is less significant; signals must be calibrated to the session's typical activity
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