FTB-C000600 / Formula component

ZigZag Confirmed Pivot

ZigZag Confirmed Pivot is a locked alternating swing emitted when the reversal and minimum-bar rules pass.

Intermediate 1 linked topicEvidence-reviewed

Definitions

In plain terms

Confirmed pivots remain in the output while the next endpoint develops.

Technical

A confirmed event carries its event index, confirmation index, kind, and price; confirmed_count is monotone during an unrevised run.

Scope

Confirmation does not establish a trade or forecast; it establishes a state transition.

Examples

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

Common misconceptions

  • Confirmation does not establish a trade or forecast; it establishes a state transition.

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-A02 Important

Evidence and governance

  1. Zig Zag indicator QuantConnect · official platform documentation

    Supports: preferred label, short definition, technical definition

    Limits: This package selects a close-only percentage-reversal variant and documents the difference.

  2. LEAN ZigZag source QuantConnect · first party technical publication

    Supports: preferred label, short definition, technical definition

    Limits: A maintained implementation is evidence for one convention, not a universal market rule.

  3. 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.

  4. 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.