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

Friday, February 27, 2009

Scan 27 Feb 09

Symbol TypeDateClose PriceVolume13 Day ADX13 Day +DI13 Day -DI
ECOFIRST CONSOLIDATED BHDLong2/27/20090.1322140047.141312
EON CAPITAL BHDLong2/27/20092.9412710032.594726
KLCC PROPERTY HOLDINGS BHDLong2/27/20092.95479000213029
GLOBAL SOFT (MSC) BHDShort2/27/20090.0440010040.112335
MALAYAN UNITED INDUSTRIES BHDShort2/27/20090.13562820025.321719
MEDA INC. BHDShort2/27/20090.10525510021.481422
YGL CONVERGENCE BHDShort2/27/20090.07590730035.162233
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1 comment:

Tun Marvin said...

I think you should add additional filter to your exploration list. I checked on Eoncap, no doubt the D+>D- with the ADX rising, but the MACD was still negative and the daily candlestick was a big blcack one. Thus immediately rendering this stock as bad candidate.

As for shorts candidates, most of us cannot do shorts. Why bother include them ?

March 3, 2009 at 2:28 PM

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