Hi all,

this is my first post here. I came to know about the term "Harmonic Rotation of a Stock" from this site. I searched for it and found that its mostly calculated from Market Profile data. Is there any way it can be calculated for any individual stock from the candlestick charts data?

Regards
Krushna123

krushna123 

Hi all, this is my first post here. I came to know about the term "Harmonic Rotation of a Stock" from this site. I searched for it and found that its mostly calculated from Market Profile data. Is there any way it can be calculated for any individual stock from the candlestick charts data? Regards Krushna123

Hi there Krushna123, welcome.


I'm not familiar with harmonic rotations but, if what you say is true (i.e. that it is mostly calculated from market profile data) then you would not be able to calculate it just from candlestick charts data. You would need volume traded at each price for that stock too.

Hope my answer makes sense.

xplorer 

Hi there Krushna123, welcome. I'm not familiar with harmonic rotations but, if what you say is true (i.e. that it is mostly calculated from market profile data) then you would not be able to calculate it just from candlestick charts data. You would need volume traded at each price for that stock too. Hope my answer makes sense.

Thank you xplorer.
The reason I want to study about Harmonic Rotation is because I am a discretionary trader using Lance Beggs approach. Have been trading for some time. My biggest drawback is I cant see market going against me even a little bit. That obvioulsly happens for almost all the trades and I panic and either exit half or full, only to see many times my earlier position ending in profit. In those trades where I am courageous enough to hold on to it even if price is moving against me, I do well. So basically what I need here is some sort of Indiactor which would give me my SL depending on the noise in that stock, so mostly my trade management would be calmer and I would be able to think properly while I am in a trade. Please suggest something on this line.

xplorer 

Hi there Krushna123, welcome. I'm not familiar with harmonic rotations but, if what you say is true (i.e. that it is mostly calculated from market profile data) then you would not be able to calculate it just from candlestick charts data. You would need volume traded at each price for that stock too. Hope my answer makes sense.

With Market Profile the correct term is rotational factor it is based on 30 min. candlestick chart but it is not the same as harmonic rotation which is a measure of the average range for the many swings created on your entry timeframe. FT71 popularized this term quite a bit. See this thread :

What is the Harmonic Rotation for my market ? FuturesTrader71 had some good things to say in a straight talking webinar this week (. One of the gems from it was a new expression for me - Harmonic Rotation. Once he said it I knew of course what it was .. and I have indeed offered up many a stop …