Value Area Reversals — Indicator by CandelaCharts — TradingView

The CandelaCharts – Value Area Reversals indicator is a powerful tool designed to identify high-probability institutional reversals around key volume nodes. By generating a rolling session Volume Profile and tracking the Value Area High (VAH) and Value Area Low (VAL), this script highlights moments where price aggressively rejects the boundaries of fair value with anomalous volume.

This tool introduces Dynamic CISD (Change In State of Delivery) tracking, automatically anchoring to the true swing point of a reversal and projecting institutional support/resistance levels until formally confirmed by price action.

📦 Features

• Session Volume Profiles: Highly customizable rolling profiles. Choose between classic stepped Histograms or a beautifully smoothed Curved aesthetic that accurately maps volume distribution.
• Value Area Reversals: Automatically detects when price dips outside of the established Value Area (VA) and aggressively reclaims it. Signals are filtered by volume—only firing when the reversal candle exceeds the volume of the last N similar-type candles.
• Dynamic CISD Tracking: When a reversal signal fires, the script actively tracks price to find the absolute lowest/highest swing point of the manipulation leg. It then maps the body of that swing as a Change in State of Delivery (CISD) level, drawing a projection line until price formally breaks and confirms the shift in delivery.
• Volume Spike Candles: Optionally colors individual candles on the chart that exhibit significant volume spikes relative to their recent peers, providing immediate visual context for momentum shifts.

⚙️ Settings

• Volume Profile: Configure the timeframe used to define a session (e.g., Daily), the number of horizontal bins, the Value Area percentage (default 70%), and the aesthetic style (Curved vs Histogram).
• Change In State Of Delivery: Toggle the CISD tracking system, customize the line style and colors for bullish and bearish CISD projections.
• Signals: Enable or disable the VA Reclaim signals, and adjust the lookback window used to qualify a volume spike.
• Style: Full color control over up/down volume nodes, VAH/VAL/POC levels, and signal markers.

⚡️ Showcase

Volume Profile – Curved Style

Volume Profile – Histogram Style

CISD

🚨 Alerts

The indicator includes native, ready-to-use alert conditions for:

• Bullish / Bearish VA Reclaims: Fires the moment a volume-backed reversal back into the Value Area is detected.
• Bullish / Bearish CISD Confirmation: Fires the exact moment price action structurally confirms the swing by breaking the dynamic CISD level.

⚠️ Disclaimer

Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.