Swing Traces [BigBeluga]

🔵 OVERVIEW
The Swing Traces indicator identifies significant swing points in the market and extends them forward as fading traces. These traces represent the memory of recent highs and lows, showing how price interacts with past turning points over time. Traders can use the fading intensity and breakout signals to gauge when a swing has lost influence or when price reacts to it again.

🔵 CONCEPTS

• Swing Detection – Detects recent upper and lower swing points using sensitivity-based highs and lows.
  
• Trace Longevity – Each swing projects a “trace” forward in time, gradually fading with age until it expires.
  
• Trace Size – Each trace is drawn with both a main level and a size extension (half of the bar range) to highlight swing influence.
  
• Longevity Counters – Swings remain active for a customizable number of bars before fading out or being crossed by price.
  
• Swing Retest – Labels appear when price retest above/below an active trace extension levels, confirming potential reversal.
  

🔵 FEATURES

• Adjustable sensitivity length for swing detection.
  
• Separate longevity controls for upper and lower swing traces.
  
• Fading gradient coloring for visualizing how long a trace has been active.
  
• Double-trace plotting: one at the swing level and one offset by trace size.
  
• Clear BUY/SELL signals when price crosses a swing trace after it has matured.
  

🔵 HOW TO USE

• Use blue (upper) traces as resistance zones; lime (lower) traces as support zones.
  
• Watch for fading traces: the longer they persist, the weaker their influence becomes.
  
• Retest dots (●) confirm when price retest a trace, signaling a potential reversal.
  
• Shorter sensitivity values detect faster, smaller swings; longer values capture major swing structures.
  
  
• Combine with trend indicators or volume to filter false breakout signals.
  

🔵 CONCLUSION
The Swing Traces [BigBeluga] indicator is a powerful tool for mapping price memory. By projecting recent swing highs and lows forward and fading them over time, it helps traders see where price may react, consolidate, or break through with strength. Its dynamic traces and breakout labels make it especially useful for swing traders, breakout traders, and liquidity hunters.