I have recently taken over a SWG pool. I was cleaning weeds and heard a noise of running water. I noticed this, took the top off and found a valve with a float on the end. It also has a exit pipe at the bottom. I'm assuming it's to maintain water level? I am not sure but I'm also assuming there's a proper way it should work. I have adjusted the float to let some of the water out before it allows more water in. Just curious. Good to be back on TFP!!