FTB-C000586 / Formula component

Low Pivot

Low Pivot is a bar whose low is below its left neighborhood and no higher than its right neighborhood.

Definitions

In plain terms

The detector mirrors the high rule using lows.

Technical

L_i < min(left lows) and L_i <= min(right lows), then the separation floor must pass.

Scope

A low pivot uses intrabar low, not necessarily the lowest close.

Formula

L_i < min(left lows) and L_i <= min(right lows)
LaTeX: L_i<\min(L_{left}),\quad L_i\le\min(L_{right})
SymbolMeaningUnit
L_icandidate lowprice

Output unit: boolean event

Examples

  • A reviewer computes Low Pivot on a small deterministic fixture and checks timing, units, and boundary behavior before publication.

Common misconceptions

  • A low pivot uses intrabar low, not necessarily the lowest close.

Concept relationships

Where this concept is used

Tutorials planned

These catalogued topics use this concept, but their complete build has not shipped yet.

  • D08-F01-A01 Important
  • D08-F01-A03 Prerequisite

Evidence and governance

  1. Pine Script pivot techniques TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition, formula

    Limits: The package freezes its own equality, separation, and OHLC policies rather than claiming one universal pivot definition.

  2. Pine Script repainting concepts TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition, formula

    Limits: Platform display behavior does not establish financial usefulness or predictive value.

  3. scipy.signal.find_peaks SciPy · first party technical publication

    Supports: preferred label, short definition, technical definition, formula

    Limits: This retrospective signal function is not itself a causal OHLC pivot detector.

  4. Closing Price Investor.gov · official standard

    Supports: preferred label, short definition, technical definition, formula

    Limits: A close is not automatically an adjusted close and may vary by market session convention.

Reviewed by
fintech-builder-batch-011
Last reviewed
2026-08-09
Next review
2027-08-09
Record status
evidence reviewed

This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.

Written by

Fintech engineer building market-data and financial systems, and the author of every article, glossary record, and reference implementation on The Fintech Builder.