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, July 24, 2008

Scan 24 July 08

ADX Scan based on closing price on 24 July 08
Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
CHINA ERATAT SPORTS FASHIONLTDLong24-Jul-080.2855800030.792321
ECOWISE HOLDINGS LIMITEDLong24-Jul-080.215264400026.193918
ENPORIS GREENZ LIMITEDLong24-Jul-080.0525000022.574639
FRASER AND NEAVE LIMITEDLong24-Jul-084.55197900020.492118
FRASERS CENTREPOINT TRUSTLong24-Jul-081.230200023.153226
LIAN BENG GROUP LTDLong24-Jul-080.231544400031.692523
SUN EAST GROUP LIMITEDLong24-Jul-080.1520000302520
UNITED ENGINEERS LTD ORDLong24-Jul-083.2112900060.433532
WEE HUR HOLDINGS LTD.Long24-Jul-080.2630600022.744834
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