http://www.traderslaboratory.com/for...ysis-1369.html
I would suggest you read through this thread. I was doing the same thing as you trying to find the "next best thing" and then I found this....I've been using
VSA principles in my trading now and the market seems so much clearer to me. I only use a 5min chart (I flip between 1,3,5,10,15 and 30 on that chart) and no market internals or anything. I use market cycle terminology to see what phase the market is currently in to decide which direction a hi odds trade should be placed.
VSA is awesome. It'll make things clear to you once you begin to understand how the market is structured.