Swing Point (Bulb) – ThorenFX | Trinity Traders

Swing Point (Bulb) – ThorenFX | Trinity Traders
Indicator Description

The Swing Point (Bulb) indicator is a dual-module market structure tool designed to identify both swing reversals and structural extremes in real time.
It combines:
1️⃣ Swing Point (Bulb): Adaptive swing detection that highlights turning points with color-coded bulbs.
2️⃣ Highest High / Lowest Low Step Lines: A 20-bar structure mapping system that defines current market range and directional bias.

Together, these modules help traders visualize key reversal zones, trend boundaries, and liquidity shifts with precision and minimal chart clutter.

How to Use

🟡 Minor Bulbs (Yellow): Short-term swing reactions or pullbacks.

🔴 Major High Bulbs (Red): Potential top or resistance zone.

🟢 Major Low Bulbs (Green): Potential bottom or support zone.

📈 Step Lines: Show the 20-bar highest high and lowest low levels — useful for spotting breakouts or range compression.

✅ Use the bulb formations to identify reversal opportunities.
✅ Confirm trade direction when price breaks or respects the step lines.
✅ Combine both modules to align short-term swings with long-term structure for higher-accuracy setups.

Note

No indicator is 100% accurate — the goal is to understand the logic behind the signals and apply it with market context.