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lib/reversals/pivotwood/Pivotwood.md
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# PIVOTWOOD: Woodie's Pivot Points
| Property | Value |
| ---------------- | -------------------------------- |
| **Category** | Reversal |
| **Inputs** | OHLCV bar (TBar) |
| **Parameters** | None |
| **Outputs** | Single series (PIVOTWOOD) |
| **Output range** | Varies (see docs) |
| **Warmup** | `2` bars |
### TL;DR
- Woodie's Pivot Points weight the closing price twice in the pivot calculation, biasing the central pivot toward where the market actually settled r...
- No configurable parameters; computation is stateless per bar.
- Output range: Varies (see docs).
- Requires `2` bars of warmup before first valid output (IsHot = true).
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
## Overview
Woodie's Pivot Points weight the closing price twice in the pivot calculation, biasing the central pivot toward where the market actually settled rather than treating high, low, and close equally. This close-weighted approach gives more emphasis to recent price action, making the pivot levels more responsive to the prior bar's close.