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

Friday, October 24, 2008

Scan 24 Oct 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
ADVANCED SYSTEMS AUTOMATIONLong24-Oct-080.0182200046.374736
C K TANG LTDLong24-Oct-080.64163300026.645238
SAPPHIRE CORPORATION LIMITEDLong24-Oct-080.0120000023.664230
ACTION ASIA LIMITEDShort24-Oct-080.05515000030.312734
EXCELPOINT TECHNOLOGY LTDShort24-Oct-080.03518500020.022130
NEL GROUP LTD.Short24-Oct-080.09519700029.411966
SINOPIPE HOLDINGS LIMITEDShort24-Oct-080.0821700058.612735
ZHONGHUI HOLDINGS LTD.Short24-Oct-080.01584500036.983247
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