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Indicators Looks like EOT Allas

  #11 (permalink)

Sydney - Australia
Trading Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Velocity Futures
Favorite Futures: ES, 6E
Alan's Avatar
Posts: 155 since Jun 2009
Thanks: 1,442 given, 142 received

Hi Elliot Wave,

That's pretty amazing. Im sure most indicators can be tweaked to show similar results. Afterall, they are all using the same data, ie price, volume, time etc. This is probably where newbies get sucked into buying fancy looking indicators from Gurus as the newbie thinks that this new fancy line or colour or dot will make him tons of money and save the world! I know that I did this in the beginning!

Is it possible to plot the Stepma, on a similar chart with the two indicators above so we can see how similar they all are?


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