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, April 8, 2009

Scan 8 Apr 09

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
INNOTEK LIMITEDLong8-Apr-090.1824300035.676627
8TELECOM INTL HOLDINGS CO LTDShort8-Apr-090.04215000036.013944
AQUA-TERRA SUPPLY CO. LIMITEDShort8-Apr-090.1216000033.383641
BANYAN TREE HOLDINGS LIMITEDShort8-Apr-090.37146000026.542731
CHEMOIL ENERGY LIMITEDShort8-Apr-090.2511100031.73335
LIANG HUAT ALUMINIUM LTDShort8-Apr-090.02108000027.071323
STARHILL GLOBAL REITShort8-Apr-090.425214100027.762234
SUN EAST GROUP LIMITEDShort8-Apr-090.0150000040.453860

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