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

Tuesday, May 6, 2008

Scan 6 May 08

ADX Scan based on closing price on 6 May 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
ALLIED TECHNOLOGIES LIMITEDLong6-May-080.05513000020.44633
ASTI HOLDINGS LIMITEDLong6-May-080.145158400024.982119
JETS TECHNICS INTL HLDGS LTDLong6-May-080.02512000028.425344
LAFE TECHNOLOGY LIMITEDLong6-May-080.135113900039.043125
SINWA LIMITEDLong6-May-080.30519900023.644331
CHINA SPORTS INTL LIMITEDShort6-May-080.565646800021.943455
KINGSMEN CREATIVES LTDShort6-May-080.4919200043.853160
RICHLAND GROUP LIMITEDShort6-May-080.395166500031.972223
UNITED OVERSEAS AUSTRALIA LTDShort6-May-080.327700022.283858
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