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

Tuesday, September 16, 2008

Scan 16 Sep 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
CHINA BEARING (SINGAPORE) LTD.Long16-Sep-080.0815500020.663629
GUOCOLAND LIMITEDShort16-Sep-081.9762100033.252731
INFORMATICS EDUCATION LTD.Short16-Sep-080.03450400020.821438
KINGBOARD COPPER FOIL HDGS LTDShort16-Sep-080.2251000028.062636
NETELUSION LIMITEDShort16-Sep-080.0512900023.671684
PSC CORPORATION LTDShort16-Sep-080.2332500022.493033
SINGXPRESS LTD.Short16-Sep-080.0232400034.914351
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