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, January 17, 2011

Scan 17 Jan 11

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
LIEN HOE CORPORATION BHDLong1/17/20110.33176390030.82720
MISC BHDLong1/17/20118.55121460029.742622
PALETTE MULTIMEDIA BHDLong1/17/20110.04569840028.892419
TRANSMILE GROUP BHDLong1/17/20110.24495030020.213229
INCH KENNETH KAJANG RUBBER PLCShort1/17/20110.815123600022.072022
INFORTECH ALLIANCE BHDShort1/17/20110.14523500026.662126
KUCHAI DEVELOPMENT BHDShort1/17/20111.5430560025.311921
TOP GLOVE CORPORATION BHDShort1/17/20115.276010023.562425

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