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, August 20, 2008

Scan 20 Aug 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
M3NERGY BHDLong8/20/20080.82520320020.632926
GHL SYSTEMS BHDShort8/20/20080.2816110020.531020
MALAYAN UNITED INDUSTRIES BHDShort8/20/20080.24538230020.41821

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