Wow what an interesting topic this has turned out to be. thanks for all the input.

After a lot of reading and playing around.

As you all know there is no TRUE volume in FX ( stop me if you have heard this before) so I have been thinking about and indicator similar to the market profile but based on price and time ie 60min bar how low does the price stand still at a particular price. so if we have the price sit at a
certain price the bars increase out on a horizontal. imho this should act as a true price pivot point. as that is the point where the buyer and sellers are fighting it out.

it's an idea that might have been done before but i can find it.

Let me know what you think

Cheers

Beno