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 8, 2008

Scan 8 May 08

ADX Scan based on closing price on 8 May 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
RICHLAND GROUP LIMITEDLong8-May-080.4184300027.542221
Z-OBEE HOLDINGS LIMITEDLong8-May-080.13132600046.743124
CAPITALAND LIMITEDShort8-May-086.581240900023.732731
CHUAN HUP HOLDINGS LIMITEDShort8-May-080.3623700022.432324
LEEDEN LIMITEDShort8-May-080.45516300023.53336
LYXOR MSCI TAIWAN INDEX FUND10Short8-May-081.1346322023.493334
POH TIONG CHOON LOGISTICS LTDShort8-May-080.21514000024.533745
SINGXPRESS LTD.Short8-May-080.0321400032.073664
SMB UNITED LIMITEDShort8-May-080.2528000022.282831
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