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

Monday, June 2, 2008

Scan 2 Jun 08

ADX Scan based on closing price on 2 Jun 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
COMPACT METAL INDUSTRIES LTDLong2-Jun-080.02523000029.825034
RICKMERS MARITIMELong2-Jun-081.1436300020.562524
SINGAPORE TECH ENGINEERING LTDLong2-Jun-083.22448800020.672019
THAI VILLAGE HOLDINGS LTDLong2-Jun-080.13565100033.885316
DARCO WATER TECHNOLOGIES LTDShort2-Jun-080.2224500033.252729
MATEX INTERNATIONAL LIMITEDShort2-Jun-080.110600023.291882
MEMORY DEVICES LIMITEDShort2-Jun-080.0812500023.552227
SNP CORPORATION LTDShort2-Jun-081.4836450030.112633
VIZ BRANZ LIMITEDShort2-Jun-080.5152400032.163435
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