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, March 18, 2008

Scan 18 Mar 08

ADX Scan based on closing price on 18 Mar 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
CHASEN HOLDINGS LIMITEDLong18-Mar-080.0186100024.281110
GLOBAL TESTING CORPORATION LTDLong18-Mar-080.1053645200041.591817
MDR LIMITEDLong18-Mar-080.035462000027.733831
TELEDATA (SINGAPORE) LTDLong18-Mar-080.015257000033.673426
YOMA STRATEGIC HOLDINGS LTDLong18-Mar-080.227000026.344443
C K TANG LTDShort18-Mar-080.6613200029.213643
GLOBAL TECH (HLDGS) LIMITEDShort18-Mar-080.01518600026.121832
LIANG HUAT ALUMINIUM LTDShort18-Mar-080.0371000027.361617
LION ASIAPAC LTDShort18-Mar-080.2636500023.022840
PROGEN HOLDINGS LTDShort18-Mar-080.07551100027.324146
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