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 KLSE Stocks based on
1. 13 Period ADX > 20
2. 13 Period +DI crosses over -DI for Long signal.
3. 13 Period +DI crosses under -DI for Short signal.
4. Volume trade > 100,000 shares

Wednesday, April 23, 2008

Scan 23 Apr 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
BURSA MALAYSIA BHDLong4/23/20089.1163580027.582523
KULIM (M) BHDLong4/23/20087.4171280022.662625
MELEWAR INDUSTRIAL GROUP BHDLong4/23/20080.975372870020.963618
TAMCO CORPORATE HOLDINGS BHDLong4/23/20080.8819700029.694117
YNH PROPERTY BHDLong4/23/20082.29394150028.893321
TELEKOM MALAYSIA BHDShort4/23/20083.543875910022.931073

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