ADX stands for average directional index. Its value ranges from 0 to 100.

As its name implies ADX is used to measure directional movement. Its value is derived from 2 other indicators +DI and -DI.

In this blog, I will provide list of Singapore Market Stocks based on
1. 13 Period ADX > 20
2. 13 Period +DI crosses over -DI.
3. 13 Period +DI crosses under -DI.
4. Volume trade > 100,000 shares

One important thing to note is I am using freely available stock price information for computing the ADX indicator. The price information is not adjusted for stock dividends and split.

Links
Singapore RSI Scanner
Singapore MACD Scanner
Singapore Trend Analysis
Singapore Trading System

Wednesday, May 21, 2008

Scan 21 May 08

ADX Scan based on closing price on 21 May 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
ASIA TIGER GROUP LIMITEDLong21-May-080.16167700031.45538
BENEFUN INT HLDGS LTDLong21-May-080.015122000033.836829
HLN TECHNOLOGIES LIMITEDLong21-May-080.3756700027.353521
JIUTIAN CHEMICAL GROUP LIMITEDLong21-May-080.1553655700023.943120
KYODO-ALLIED INDUSTRIES LTDLong21-May-080.1112500026.185932
MEMTECH INTERNATIONAL LTDLong21-May-080.17578500021.054137
VGO CORPORATION LIMITEDLong21-May-080.04539900032.063837
ASCENDAS REAL ESTATE INV TRUSTShort21-May-082.45460400028.121920
ASJ HOLDINGS LTDShort21-May-080.08565100038.243565
A-SONIC AEROSPACE LIMITEDShort21-May-080.139800021.412635
C&G INDUSTRIAL HOLDINGS LTDShort21-May-080.29232700021.62024
CSE GLOBAL LTDShort21-May-081.0312000021.132428
FUJI OFFSET PLATES MFG LTDShort21-May-080.54527500022.191718
FURAMA LTD.Short21-May-082.4235700031.182356
JARDINE MATHESON HLDGS LTDShort21-May-083328520024.452529
SINO TECHFIBRE LIMITEDShort21-May-080.75564600027.652022
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