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, February 18, 2008

Scan 18 Feb 08

ADX Scan based on closing price on 18 Feb 08


Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
ANNAIK LIMITEDLong18-Feb-080.29237800022.463128
FIRST REAL ESTATE INV TRUSTLong18-Feb-080.7438400021.472624
STRATECH SYSTEMS LIMITEDLong18-Feb-080.0451760400021.462120
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)