Here I've added VPA bullish signs to a composite index. In the lower pane it plots the number of stocks of turnover>$200000 that show bullish signs on any given day (according to VPA theory). VPA code courtesy of Karthic.
I was expecting a good correlation to movement of the Ords, but it just seems to mirror it. Disappointing.
EDIT: signs used (stdn1 OR lvtbar2 OR bycond OR lvtbar1 OR stdn2 OR nsbar OR eftup OR stvol).