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

Monday, July 14, 2008

Scan 14 July 08

ADX Scan based on closing price on 14 July 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
AMARA HOLDINGS LTDLong14-Jul-080.5220100029.243528
CHINA NEW TOWN DEVT CO LIMITEDLong14-Jul-080.164096900046.143419
SINGAPORE SHIPPING CORP LTDLong14-Jul-080.4163500020.533729
ASCOTT RESIDENCE TRUSTShort14-Jul-081.0756200036.462330
MIDSOUTH HOLDINGS LTDShort14-Jul-080.77130500023.323134
NIPPECRAFT LIMITEDShort14-Jul-080.0810200026.484059
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