THE AMA SYSTEM

Introduction to AMA (Ankit's Moving Average)


I am putting out a proprietary trading system for the benefit of all our readers known as the AMA SYSTEM.

AMA stands for Ankit's Moving Average.

AMA has been modified from the conventional SMA and EMA's to reflect support and resistance points for Nifty in a more dynamic way based on a certain regression and mean reversion for Nifty.

I will be updating 5 values for Nifty on a daily EOD basis.

5 AMA
13 AMA
34 AMA
89 AMA
144 AMA

As can be seen all values taken are fibonnaci numbers and represent Nifty's values across the entire spectrum from short term (5 & 13 AMA), medium term (34 & 89 AMA) & long term (144 AMA)

These 5 values will represent support and resistance points for Nifty on a dynamic basis which will change on an ongoing basis with Nifty's daily movements and help us to refine and make better trading decisions.


Happy Trading!!!