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

Wednesday, April 9, 2008

Scan 9 Apr 08

ADX Scan based on closing price on 9 Apr 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
FALMAC LIMITEDLong9-Apr-080.03515200030.673126
MERMAID MARITIME PUBLIC CO LTDLong9-Apr-081.06518200037.024219
HO BEE INVESTMENT LIMITEDShort9-Apr-080.95217700020.152728
OLAM INTERNATIONAL LIMITEDShort9-Apr-082.36257200025.852526
YANGZIJIANG SHIPBLDG HLDGS LTDShort9-Apr-080.982734800024.822425
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