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, November 19, 2008

Scan 19 Nov 08

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
POS MALAYSIA & SERVICES HOLDINGLong11/19/20081.9135220032.532822
WAH SEONG CORPORATION BHDLong11/19/20081.232890020.762923
AKN MESSAGING TECHNOLOGIES BHDShort11/19/20080.11511800031.892021
AXIS INCORPORATION BHDShort11/19/20080.15420020026.022627
KUMPULAN PERANGSANG SELANGOR BHShort11/19/20081.5232630026.192425
MALAYSIAN RESOURCES CORPORATIONShort11/19/20080.71673170021.242729
MYCRON STEEL BHDShort11/19/20080.3613720023.752627
PALETTE MULTIMEDIA BHDShort11/19/20080.0433730020.92123
TRANSMILE GROUP BHDShort11/19/20080.65107930022.832427
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