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, May 14, 2008

Scan 14 May 08

ADX Scan based on closing price on 14 May 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
CHINA LIFESTYLE F&B GROUP LTDLong14-May-080.3125000030.693933
COURAGE MARINE GROUP LIMITEDLong14-May-080.415264100027.342722
SILVERLAKE AXIS LTDLong14-May-080.355435700027.692923
TUAN SING HOLDINGS LIMITEDLong14-May-080.2748000028.742523
HLN TECHNOLOGIES LIMITEDShort14-May-080.3256100032.672530
PACIFIC SHIPPING TRUSTShort14-May-080.4117500021.912635
SEE HUP SENG LIMITEDShort14-May-080.31357200026.492529
SINOTEL TECHNOLOGIES LTD.Short14-May-080.26268400039.22431
SINWA LIMITEDShort14-May-080.29529500022.663738
TECHNICS OIL & GAS LIMITEDShort14-May-080.52574300027.382730
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