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

Thursday, April 17, 2008

Scan 17 Apr 08

ADX Scan based on closing price on 17 Apr 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
KING'S SAFETYWEAR LIMITEDLong17-Apr-080.28547900026.342926
PSC CORPORATION LTDLong17-Apr-080.2823300022.023736
STARHUB LTDLong17-Apr-083.14220800020.532220
ARIANECORP LIMITEDShort17-Apr-080.02563400031.561827
CHINA NEW TOWN DEVT CO LIMITEDShort17-Apr-080.255427000021.712427
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