FTB-C000582 / Implementation concept

Pivot Event Time

Pivot Event Time is the bar index where the detected high or low actually occurred.

Intermediate 1 linked topicEvidence-reviewed

Definitions

In plain terms

Event time places the extremum on the historical bar that supplied its price.

Technical

event_index identifies the candidate bar; it is distinct from confirmation_index and knowledge cutoff.

Scope

Drawing an event marker on its bar must not imply it was known on that bar.

Examples

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

Common misconceptions

  • Drawing an event marker on its bar must not imply it was known on that bar.

Concept relationships

Prerequisites

Related

Required by

Where this concept is used

Evidence and governance

  1. Pine Script repainting concepts TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition

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

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

    Supports: preferred label, short definition, technical definition

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

  3. Closing Price Investor.gov · official standard

    Supports: preferred label, short definition, technical definition

    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.