FTB-C000588 / Formula component

Pivot Separation Floor

Pivot Separation Floor is the minimum price-unit margin required between a candidate extremum and its strongest neighboring extreme.

Definitions

In plain terms

A visually small bump can be rejected when it does not clear the declared margin.

Technical

s_high = H_i - max(H_left,H_right) and s_low = min(L_left,L_right) - L_i; publish when s >= s_min.

Scope

Separation is in price units, so it is not automatically scale invariant.

Formula

s_high = H_i - max(H_left,H_right); s_low = min(L_left,L_right) - L_i
LaTeX: s_i=\begin{cases}H_i-\max(H_{left},H_{right})\\\min(L_{left},L_{right})-L_i\end{cases}
SymbolMeaningUnit
s_ipivot separationprice

Output unit: price units

Examples

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

Common misconceptions

  • Separation is in price units, so it is not automatically scale invariant.

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

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.