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, December 31, 2008

Scan 31 Dec 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
SPINDEX INDUSTRIES LIMITEDLong31-Dec-080.22500700073.897819
SUNWAY INTL HLDGS LTDLong31-Dec-080.02566000043.258416
SWING MEDIA TECHNOLOGY GRP LTDLong31-Dec-080.04568600020.682724
VGO CORPORATION LIMITEDLong31-Dec-080.02580000032.76931
FREIGHT LINKS EXPRESS HOLDINGSShort31-Dec-080.03540200020.433240
PINE AGRITECH LIMITEDShort31-Dec-080.1345300035.222836
UNITED ENGINEERS LTD ORDShort31-Dec-081.1711100025.722225

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