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Poor man's Alla Average
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Poor man's Alla Average

  #1 (permalink)
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las vegas
 
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Poor man's Alla Average

I use a simple indicator that plots the (high+low)/2 for a specified lookback period. It works well for identifying the overall trend and for possible entry points. But I was reading Gary's CL method and he uses his own custom indicator similar to "Alla's Average". What is "Allas Average"? It's a proprietary indicator that uses a "cycle engine" to determine the relevant prior swing figures. This seems better than using a fixed lookback period, but how to create a cycle engine? I think using the NT swing indicator and taking the prior N swing values for highs and lows would accomplish a similar effect. Does anyone know how to refer to the prior swing values without using bar references or have the skills to create this? Thanks.

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  #3 (permalink)
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vegasfoster View Post
Does anyone know how to refer to the prior swing values without using bar references or have the skills to create this? Thanks.

If you want an average of swings, this will do it. Enjoy.

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Excellent, thanks!

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  #5 (permalink)
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Richard View Post
If you want an average of swings, this will do it. Enjoy.

Many Thanks for your hard work and time, wishing you a best of success in trading,

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