I have been developing an integrated indicator based on VSA concepts.
The indicator combines three parameters
Position of the close on the bar as a percentage of the range
Rate of change of volume (%)
Rate of change the range (high-low)(%)
The parameters are scale and added, thus far.
This indicator is aimed at develping a screener tool to pick stocks for closer scrutiny. (see VSAtot in the chart). It would be used with other indicators and combined with other signals for the screener (price trend).
Given its combining three elements the signals are going to be mixed and require scrutiny. The idea is to find find stocks for closer examination. Currently the screener simply looks for an upswing in VSAtot in the last 3 days and a price surge.
I would be interested in any similar ideas for this approach.