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