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

Friday, May 23, 2008

Scan 23 May 08

ADX Scan based on closing price on 23 May 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
C2O HOLDINGS LIMITEDLong23-May-080.37580400024.96428
CHINA INFRASTRUCTURE HLDGS LTDLong23-May-080.08131200036.122821
MEMTECH INTERNATIONAL LTDLong23-May-080.165983700020.134227
UMS HOLDINGS LIMITEDLong23-May-080.25518100027.333127
ASCENDAS INDIA TRUSTShort23-May-081.1660200023.242136
ASIA TIGER GROUP LIMITEDShort23-May-080.1315500030.193461
CHINA MILK PRODUCTS GROUP LTDShort23-May-080.715465100025.132022
CHUNGHONG HOLDINGS LIMITEDShort23-May-080.24512500034.153353
DYNAMIC COLOURS LIMITEDShort23-May-080.1751600021.633638
SILVERLAKE AXIS LTDShort23-May-080.335242900021.312226
SINGAPORE FOOD INDUSTRIES LTDShort23-May-080.79517600054.442529
TAT SENG PACKAGING GROUP LTDShort23-May-080.2114900027.252853
VGO CORPORATION LIMITEDShort23-May-080.0421900029.622953
YANGZIJIANG SHIPBLDG HLDGS LTDShort23-May-0814106700022.82126
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