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

Tuesday, August 26, 2008

Scan 26 Aug 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
BANENG HOLDINGS BHDLong8/26/20080.5219040025.122826
TELEKOM MALAYSIA BHDLong8/26/20083.5230420020.732018
FRONTKEN CORPORATION BHDShort8/26/20080.58139610025.632223
FTEC RESOURCES BHDShort8/26/20080.06520100021.222728
NAIM INDAH CORPORATION BHDShort8/26/20080.06153770034.162334
PADIBERAS NASIONAL BHDShort8/26/20081.3530680021.612829
YUNG KONG GALVANISING INDUSTRIEShort8/26/20080.3941700027.622324

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