Try demo account at SaxoBank - they give DJ news for free.

Yes, there is a formula, but which High, Low and Close to use? From yesterday or previous session’s or some others? I tried to calculate the Pivot, but my usually differs from DJ’s.

I use the following method of determining the Pivot and think it’s better than any formal formula:
The currency pair pivot point is one of keystones in trading at Forex.
First of all, let us introduce the following designations (notions), necessary for the subject.
“High” is the maximum at the previous day;
“Low” is the minimum at the previous day;
“Close” is the price of closing at the previous day.
Generally speaking, there are the three principal criteria.
1. There is the stock reserve (cruising range) – i.e., the difference between Low and High per the trading session. For instance, as regards GBP/USD pair, this difference can exceed 100 points in a trading day.
2. The reader must also consider the reversal point of the currency pair movement (the pivot point) in the daily trading session. Thus, it is easy to calculate the possible profit that could be gained by a trader regularly.
3. If “the trend is the friend” (see Book 1), it is necessary to work along the trend direction. Under these conditions, the detection of the trend pivot points can prevent losses that could be conditioned by the following factors

Try demo account at SaxoBank - they give DJ news for free.

Regulon, how did you come to this method?

How practically to use PP? On a site of the answer is not present. There is a trading system which is based on use PP?

Where is that EA based on pure PIVOT POINTS & subsequent S/R levels??

THANKS!