Indicators Looks like EOT Allas | Trading Reviews and Vendors


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Indicators Looks like EOT Allas

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Posts: 9 since Jun 2009
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While I won't deny Allas average is quite useful, I certainly don't think its anything special. For those thinking its something complex like StepMA or NonLagMA, take a look at this screenshot I just made and tell me if you don't think it could be something simpler.

It took me a couple of minutes. Given more time I'm sure I could get the plots to match closer.

EOT's 'proprietary' AllasAvg Vs. a displaced Donchian channel. Which is better? (I'm sure similar results could be achieved with StepMA or NonLagMA, the secret in my opinion is the displacement)

Often I have found myself impressed with some 'special' indicator simply because its methodology is hidden, costs money and has a fancy website and some marketing behind it when the reality is, freely available indicators or even NT's built in ones can achieve almost the same results...


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Indicators Looks like EOT Allas-allahs-donkey.gif  

Last edited by Elliott Wave; July 18th, 2009 at 04:52 AM.
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