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

Wednesday, May 26, 2010

Scan 26 May 10

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
CHINA FIBRETECH LTD.Long5/26/20100.105363600024.952927
FORTUNE REAL ESTATE INV TRUSTLong5/26/20103.62486300021.552421
SINGAPORE TECH ENGINEERING LTDLong5/26/20103.081479300020.32624
UOL GROUP LIMITEDLong5/26/20104362200033.963530
SINGAPORE POST LIMITEDShort5/26/20101.08539600024.211720
SINO CONSTRUCTION LIMITEDShort5/26/20100.09572000023.562834
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