Yes I agree Rooster. Your approach is exactly what I have in mind for my VSA indicators when I get around to coding them in Amibroker. I think you'll find that the current Tradeguider approach is the same. Although rather than additional indicators, apart from their trend indicator and what they call "Trigger levels", they focus on multiple time frames and the trend in the appearance of the indicators over specified time periods. All very interesting!
Anyway in my opinion you are definitely on the right track.
Cheers - Wilf
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