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, July 1, 2008

Scan 1 July 08

ADX Scan based on closing price on 1 July 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
ASIA TIGER GROUP LIMITEDLong1-Jul-080.105933500036.883331
HYFLUX WATER TRUSTLong1-Jul-080.67511900034.883224
INNO-PACIFIC HOLDINGS LTDLong1-Jul-080.025324000039.435544
ARIANECORP LIMITEDShort1-Jul-080.02575000027.862022
ASIATIC GROUP (HOLDINGS) LTDShort1-Jul-080.12159000028.682934
FEDERAL INT(2000) LTDShort1-Jul-080.43179500024.982733
LINAIR TECHNOLOGIES LIMITEDShort1-Jul-080.16512600046.18989
PORTEK INTERNATIONAL LIMITEDShort1-Jul-080.46516500025.343538
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