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, May 20, 2008

Scan 20 May 08

ADX Scan based on closing price on 20 May 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
8TELECOM INTL HOLDINGS CO LTDLong20-May-080.0840600020.693836
ASIA ENVIRONMENT HOLDINGS LTDLong20-May-080.49554600023.673228
COMPACT METAL INDUSTRIES LTDLong20-May-080.0235000037.795836
F J BENJAMIN HOLDINGS LTDLong20-May-080.42519300023.923821
JADE TECHNOLOGIES HLDGS LTD.Long20-May-080.13526991001625.884215
OLD CHANG KEE LTD.Long20-May-080.2122200023.693931
CHANGTIAN PLASTIC & CHEM LTDShort20-May-080.225229500028.612526
ELLIPSIZ LTDShort20-May-080.205104600023.472829
SEE HUP SENG LIMITEDShort20-May-080.31583700021.82627
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