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

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.