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, June 19, 2008

Scan 19 Jun 08

ADX Scan based on closing price on 19 Jun 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
CSC HOLDINGS LTDLong19-Jun-080.265159800020.342220
GIKEN SAKATA (S) LIMITEDLong19-Jun-080.0517200029.125047
VALUETRONICS HOLDINGS LIMITEDLong19-Jun-080.2315500028.214942
ABTERRA LTDShort19-Jun-080.08221100028.91820
HEALTH MANAGEMENT INTL LTDShort19-Jun-080.1522000021.992325
MAGNUS ENERGY GROUP LTD.Short19-Jun-080.065904000020.931529
MERMAID MARITIME PUBLIC CO LTDShort19-Jun-081.2251000024.692634
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