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 8, 2008

Scan 8 Apr 08

ADX Scan based on closing price on 8 Apr 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
8TELECOM INTL HOLDINGS CO LTDLong8-Apr-080.08120000020.676330
ACHIEVA LIMITEDLong8-Apr-080.15244100023.024025
CHINA KANGDA FOOD COMPANY LTDLong8-Apr-080.295295400031.992623
CHINA NEW TOWN DEVT CO LIMITEDLong8-Apr-080.323062300029.493921
DATAPULSE TECHNOLOGY LIMITEDLong8-Apr-080.19512000020.683534
MERCATOR LINES (SINGAPORE) LTDLong8-Apr-080.3152857700020.272927
STRATECH SYSTEMS LIMITEDLong8-Apr-080.04175000023.864030
CHARTERED SEMICONDUCTOR MFGLTDShort8-Apr-080.76123900023.232427
SITRA HOLDINGS (INTL) LIMITEDShort8-Apr-080.1834100032.592463
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