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Harmonic rotation of a stock

  #5 (permalink)

Quebec
 
Trading Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,851 since Oct 2009
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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 : https://futures.io/traders-hideout/26358-what-harmonic-rotation-my-market.html

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