Adam,
The volume/price based indicator that use daily data tend to try to catch bullish/bearish moves. Birinyi's indicator is from that type.
The EV indicator is very different because it works on smaller intervals of one minute and it basically measures an equilibrium around small minute price changes. Then, the LEV/SEV separation allows to detect what large players are doing because their activity has a greater impact on the small equilibrium modifications.
Pascal
Hi Xavik,
Only the Effective Volume, the Total Effective Volume, the Effective Ratio and the Active Boundaries indicators are fully explained in the VIT book.
The sectors based Money Flow is derived from the above indicators, but not fully explained in the book.
However it is not that difficult to do: the Total Money Flow based on the EV calculation is the EV figure multiplied by the price. When you calculate that for a sector, you need to weigh each stock. You can use a capitalization based weight, a fixed weight or any other method you can think of. For the XLX ETFs for example, I use the weights that are officially published by the S&P. That is you to decide.
The main difficulty is how to code the EV indicator, but many developers could do it.
Pascal