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

Thursday, May 29, 2008

Scan 28 May 08

ADX Scan based on closing price on 28 May 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
DMX TECHNOLOGIES GROUP LTDLong28-May-080.2728000023.282522
GLOBAL TESTING CORPORATION LTDLong28-May-080.10572100020.793332
OLD CHANG KEE LTD.Long28-May-080.2117600021.65630
SINOTEL TECHNOLOGIES LTD.Long28-May-080.2551533700028.972726
CNA GROUP LTD.Short28-May-080.35540500037.843439
FERROCHINA LIMITEDShort28-May-081.521664000024.231924
FIRST RESOURCES LIMITEDShort28-May-081.13300700026.722427
PACIFIC ANDES (HOLDINGS) LTDShort28-May-080.535136800026.132526
PLASTOFORM HOLDINGS LIMITEDShort28-May-080.0568500020.22772
SINGAPORE SHIPPING CORP LTDShort28-May-080.415276700032.461935
STRAITS ASIA RESOURCES LIMITEDShort28-May-083.62620000025.722427
TUAN SING HOLDINGS LIMITEDShort28-May-080.27576800021.862324
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