Swing Point Bulb

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The Swing Point Bulb indicator identifies key swing reversal points in price movement by using a two-tier adaptive wave algorithm.
It marks areas on the chart where market momentum has likely reached exhaustion (overbought or oversold conditions), signaling potential trend reversals or continuation pivots.

The tool automatically plots color-coded bulbs at critical swing highs and lows:

🟡 Minor Bulbs – short-term swings or micro pullbacks

🔴 Major High Bulbs – potential tops, overbought or distribution zones

🟢 Major Low Bulbs – potential bottoms, oversold or accumulation zones

This design allows traders to visualize market rhythm and turning points clearly without clutter or lag.

How to Use

Identify Swing Zones
Watch for new bulbs forming at highs or lows — they mark potential reversal zones.

Red bulbs → Watch for short or take-profit setups.

Green bulbs → Watch for long or buy setups.

Yellow bulbs → Confirm minor pullbacks within ongoing trends.

Confirm with Market Context
Use these bulbs together with volume, RSI, or structure breaks to confirm momentum exhaustion.
Stronger reactions occur when major bulbs align with key support or resistance areas.

Trading Approach

Enter in the direction of the reversal bulb only after confirmation from price action.

Manage risk below/above the most recent opposite bulb.

Combine higher-timeframe major bulbs with lower-timeframe minor bulbs for best results.

19 ore fa

Note di rilascio

The Swing Point Bulb indicator detects and visualizes swing reversal points in price using a two-tier adaptive wave logic.
It highlights key turning zones where the market may be overbought or oversold, helping traders identify potential trend reversals or retracement pivots.

The indicator automatically plots color-coded bulbs on the chart:

🟡 Minor Bulbs – short-term reaction or pullback swings

🔴 Major High Bulbs – overbought or possible top reversal areas

🟢 Major Low Bulbs – oversold or accumulation/reversal areas

How to Use

Spot Reversal Areas

Look for red bulbs forming near swing highs — possible sell or profit-taking zones.

Look for green bulbs near swing lows — potential buy or accumulation zones.

Yellow bulbs represent smaller internal swings within a broader move.

Confirmation
Use alongside market structure, volume, or momentum tools (RSI, MACD, OBV) to validate signals.
The best setups occur when bulbs align with known liquidity zones or support/resistance levels.

Trading Plan

Enter trades only after confirmation (candle close or structure break).

Place stops beyond the latest opposite bulb.

Combine multiple timeframes — use major bulbs from higher TFs and minor bulbs from lower TFs for timing precision.

⚠️ Important Note

The Swing Point Bulb uses a repainting algorithm to adjust dynamically as new data forms.
This means some past bulbs may shift or disappear as price action develops.
It is not a prediction tool — it’s meant to map swing structure and visualize potential reversal behavior in real time.

Summary

✅ Detects swing highs/lows and exhaustion zones
✅ Ideal for reversal and liquidity analysis
✅ Works on all markets and timeframes
⚠️ Repaints for real-time accuracy and structure alignment