Show HN: Weekly Charts of Strong Stocks and ETFs

[nano17c]

https://weeklycharts.org

Hi HN users,

My project is weeklycharts.org.

This project generates and shows a weekly list of strong stocks and ETFs. My definition of a "strong" stock is a stock that is rising, upward trending and advancing stock.

This project is based on an idea which I have after reading the book, "How I Made $2,000,000 in the Stock Market" by Nicolas Darvas.

I have used UNIX shell scripts and GNU Awk to calculate the statistic; and HTML, CSS and SVG for presentation; and GNU Make for building this project. The stock prices and industry profile of the companies are sourced from finance.yahoo.com.

I intent to open source the code, on github, but have not decided on a license that best fit this project. I would welcome your suggestion.

Initialy, I hope to setup this project as a paid subscription service, maybe say, between one to ten dollars per month. But after much consideration, maybe a open source model is better, as I do not want to turn my hobby project into a business and the hassle of managing it. I prefer to share this project with everyone, with a contribution model.

I hope this project is useful to you, as it is for me.

All suggestions, feedback and questions are welcome.

And I thank you for your time and attention, and support.

nano17c (maintainer of weeklycharts.org)

PS. I am a long time passive reader of HN. Just create an account recently to show case my first side project.

[4w3]

Neat project with a nice minimal aesthetic and fast performance. Thanks for sharing.

But the repo does not seem to have the shell scripts.[1] What is the statistical definition of a strong stock?

And which chapter or part of the book specifically inspired you? At first glance, it seemed like a long winded personal memoir of trading and would rather just read the essential parts.

[1] https://github.com/weeklycharts/charts

[nano17c → 4w3]

>Neat project with a nice minimal aesthetic and fast performance. Thanks for sharing.

Thanks!

>But the repo does not seem to have the shell scripts.

I will put up the code after this "Show HN". Actually, I do not know which license to use. Or what the implication in the future.

>What is the statistical definition of a strong stock?

The statistical definition of strong stock is percentage of rate of change of the stock closing price.

> And which chapter or part of the book specifically inspired you?

Chapter 4: "Developing the Box Theory". Mr Darvas finally found a trading method that work and made him money. A lot of traders were not able to reach this stage.

[4w3 → nano17c]

Thanks for your reply.

> Actually, I do not know which license to use. Or what the implication in the future.

GPL should be fine. You can always change the license for later versions.

How do you overcome subjectivity in identifying the box? Do you interpret price action differently based on environmental factors? Is there a risk of identifying a false breakout of the box?

[nano17c → 4w3]

> GPL should be fine. You can always change the license for later versions.

The license will be GPL then. Thanks!

> How do you overcome subjectivity in identifying the box?

Risk management.

> Do you interpret price action differently based on environmental factors?

No.

> Is there a risk of identifying a false breakout of the box?

Yes. That where risk management come to rescue.

[d--b]

Could you summarize the idea behind this?

My feeling is that charting rising stocks will give you a bias in thinking the stock will continue to rise. Even worse, it'll make you feel that the whole stock market is going up, when it could be crashing massively.

I doubt that whatever strategy you derive from this is going to outperform the index.

I'd be careful not to be tempted by the "get rich fast" scheme here.

[nano17c → d--b]

> Could you summarize the idea behind this?

The concept is momentum trading or trending following strategy. It was very popular in the 70s and 80s. Richard Dennis, the prince of pit, his famous turtle trading methodology is also one of them. And many market wizards, like Ed Seykota and others, during that period also employed this concept.

Trending following strategy will work, but for a while. There is a season for it.

My idea behind weeklycharts.org is not to "get rich fast". It is to know the market. And to know who is trending now?

For example, I know that "Coinbase" and "Tesla" are trending now. Or Semiconductor, software and auto market is trending now. And it up to you to do your next step. Check it up, use fundamental strategy, or Darvas' box theory, or Richard Dennis' turtle strategy or any counter-trend strategy.