easy · Volume Spread Analysis background-trend-context

When analyzing the background, how is 'relative volume' calculated in the methodology to determine if professional activity is high?

  1. By comparing the current bar's volume to the average of the prior n bars, such as n=20.
  2. By multiplying the spread by the total number of shares outstanding.
  3. By comparing the volume of the current up-bar to the volume of the previous down-bar only.
  4. By adding the high and low prices and dividing by the total volume traded.

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