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

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.