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, February 24, 2009

Scan 24 Feb 09

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
ELECTROTECH INVESTMENTS LTDLong24-Feb-090.16522600072.054637
NIPPECRAFT LIMITEDLong24-Feb-090.03511000070.045842
QIAN HU CORPORATION LIMITEDLong24-Feb-090.0813500025.33734
HOSEN GROUP LTDShort24-Feb-090.05138000264652
TREK 2000 INT'L LTDShort24-Feb-090.117000020.782274
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