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

Thursday, October 23, 2008

Scan 23 Oct 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
CHINA ANIMAL HEALTHCARE LTD.Long23-Oct-080.1357100030.344342
EXCELPOINT TECHNOLOGY LTDLong23-Oct-080.0417000020.192625
PORTEK INTERNATIONAL LIMITEDLong23-Oct-080.71146200021.244323
MIDAS HLDGS LIMITEDShort23-Oct-080.33402800024.152735
TECKWAH INDUSTRIAL CORP LTDShort23-Oct-080.1512600030.583762
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