ascii_to_entities question

[eluser]freaksauce[/eluser]
Does using this helper negate the need to use addslashes or htmlentites()?

I wasn't exactly sure if it just means the special characters rather than escaping things like $ or "?

[eluser]BravoAlpha[/eluser]
[quote author="freaksauce" date="1197536478"]Does using this helper negate the need to use addslashes or htmlentites()?[/quote]
No.