FTB-C000594 / Evidence concept

OHLC Pivot versus Close-Only Pivot

OHLC Pivot versus Close-Only Pivot is the distinction between extrema detected from intrabar high/low and extrema detected from closing prices.

Advanced 1 linked topicEvidence-reviewed

Definitions

In plain terms

Wick highs and lows can create OHLC pivots that a close-only detector never sees.

Technical

The selected contract consumes H and L for pivot geometry; substituting close-only input defines a different algorithm and output.

Scope

Do not compare labels across variants without recording the input field and equality policy.

Examples

  • A reviewer computes OHLC Pivot versus Close-Only Pivot on a small deterministic fixture and checks timing, units, and boundary behavior before publication.

Common misconceptions

  • Do not compare labels across variants without recording the input field and equality policy.

Concept relationships

Prerequisites

Related

Required by

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

Evidence and governance

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

    Supports: preferred label, short definition, technical definition, variant distinction

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

  2. Pine Script repainting concepts TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition, variant distinction

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

  3. Closing Price Investor.gov · official standard

    Supports: preferred label, short definition, technical definition, variant distinction

    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.