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

Monday, September 8, 2008

Scan 8 Sep 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
AEON CREDIT SERVICE (M) BHDLong9/8/20083.2222500027.364717
ENCORP BHDLong9/8/20080.70518500035.913730
RESORTS WORLD BHDLong9/8/20082.71435880020.452925
THREE-A RESOURCES BHDShort9/8/20080.35547970032.882324
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