[BlowFish]

If price smokes through, just as if it smokes through any other line, it tells you something pretty important. Now if you get a climatic bar that pokes the pivot then closes back up followed by no supply a test etc etc you have a different story.

I favour the traditional pivot (h+l+c)/3 mainly as it's the one the world and his brother watches so there is an element of the self fulfilling. There is some inherent logic if you think about what that calculation actually represents. Hint: (H+L)/2 is yesterdays midpoint (somewhere else stuff often happens).