Hi,
Heavy to light, watery bleeding during periods can be a sign of perimenopause, which is the transitional period leading up to menopause. Perimenopause can cause changes in the menstrual cycle, including 
irregular periods, lighter or heavier bleeding, and changes in the duration of periods. However, it's important to note that other factors, such as 
hormonal imbalances or infections, could also be responsible for changes in the menstrual cycle. It's recommended to schedule an appointment with a healthcare provider to discuss these changes and determine the underlying cause.
Regarding your second question about the discharge from your 
clitoris, you may have an infection, such as a yeast or bacterial infection, which can cause unusual discharge and discomfort. Another possible cause could be an abnormal growth or 
cyst in the area. A healthcare provider may recommend tests or imaging to determine the underlying cause and provide appropriate treatment.
Take care. Hope I have answered your question. Let me know if I can assist you further.
Regards,
Dr. Priyanka, General & Family Physician