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, April 15, 2008

Scan 15 Apr 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
AUSGROUP LIMITEDLong15-Apr-080.915176500024.593231
BAKER TECHNOLOGY LIMITEDLong15-Apr-080.29257400020.572920
CHUAN HUP HOLDINGS LIMITEDLong15-Apr-080.365199300027.482420
DAYEN ENVIRONMENTAL LIMITEDLong15-Apr-080.71001000028.383822
PORTEK INTERNATIONAL LIMITEDLong15-Apr-080.40510500020.733938
BH GLOBAL MARINE LIMITEDShort15-Apr-080.37511600028.272732
KEDA COMMUNICATIONS LTD.Short15-Apr-080.11510500029.433459
TEXCHEM-PACK HOLDINGS (S) LTD.Short15-Apr-080.1822100026.713357
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