OPEN-SOURCE SCRIPT
Diupdate Koda 30% Stop Overlay
Koda 30% Stop Overlay
How to Use
What This Indicator Does
The Koda 30% Stop Overlay takes the daily volatility (ATRD) and converts it into real, actionable levels directly on your price chart.
Instead of guessing where your stop should go, it automatically plots:
• Session Open (Asian / London / New York)
• Upper 30% ATRD level
• Lower 30% ATRD level
These levels act as a volatility-based risk framework, helping you place stops that are aligned with how the market actually moves.
________________________________________
How to Use It (Step-by-Step)
1. Add It to Your Main Chart
• This script must be applied to the candle chart
• Not in a separate panel
You should immediately see lines appear at session opens
________________________________________
2. Choose Your Active Sessions
Enable or disable:
• Asian
• London
• New York
Most traders focus on:
• London + New York for futures
• All 3 for forex
________________________________________
3. Identify the Session Open
At the start of each session:
• A horizontal line is drawn at the open price
This becomes your anchor point
________________________________________
4. Read the 30% Stop Bands
Two lines are automatically plotted:
• Upper Band = Session Open + 30% ATRD
• Lower Band = Session Open – 30% ATRD
Example:
• ATRD = 300 points
• 30% = 90 points
If NY opens at 15,000:
• Upper = 15,090
• Lower = 14,910
These levels represent a minimum realistic stop distance
________________________________________
5. Use It for Stop Placement
Before entering a trade:
Ask:
• Is my stop inside the 30% range? → ❌ Too tight
• Is my stop outside or aligned with it? → ✅ Valid
This prevents getting stopped out by normal volatility
________________________________________
6. Use It for Trade Context
The bands also tell you:
• If price is still within normal movement
• If price is expanding beyond the expected range
• If the move is overextended
________________________________________
7. Combine With Your Setup
Best used with:
• liquidity sweeps
• structure breaks
• VWAP
• session highs/lows
The overlay doesn’t give entries — it protects execution
________________________________________
How Traders Should Use This
Before every trade:
• Where is the session open?
• Where is 30% ATRD?
• Is my stop realistic for current volatility?
• Am I trading into expansion or exhaustion?
________________________________________
What Makes This Different From Other ATR Indicators
1. It Translates ATR Into Real Price Levels
Most ATR indicators:
• just show a number
Koda Overlay:
• converts ATR into visible lines on the chart
You don’t calculate — you see it instantly
________________________________________
2. It Anchors to Session Opens
Standard ATR:
• ignores when volatility actually happens
This tool:
• resets at:
o Asian open
o London open
o New York open
You get session-based risk levels, not generic ones
________________________________________
3. It Uses the 30% Rule (Execution-Based)
Most ATR tools:
• don’t tell you what to do with the number
This one:
• gives a clear, actionable rule:
o ~30% ATRD = minimum stop range
It bridges the gap between indicator → decision
________________________________________
4. Built for Intraday Traders
Standard ATR:
• is often used for swing trading
Koda Overlay:
• is built specifically for:
o scalping
o intraday execution
o session-based trading
It works with how you actually trade
________________________________________
5. Adapts to Any Market Automatically
• Futures (MGC, NQ, GC, MNQ)
• Forex (XAU/USD)
• Crypto
• Stocks
Always uses the symbol’s own daily volatility
________________________________________
Core Concept
“Your stop shouldn’t be based on what you’re willing to lose —
it should be based on what the market normally moves.”
________________________________________
Bottom Line
• ATRD tells you how far price moves
• Session open tells you where movement starts
• 30% Rule tells you how much room you need
This indicator turns all three into clear, visual execution levels.
How to Use
What This Indicator Does
The Koda 30% Stop Overlay takes the daily volatility (ATRD) and converts it into real, actionable levels directly on your price chart.
Instead of guessing where your stop should go, it automatically plots:
• Session Open (Asian / London / New York)
• Upper 30% ATRD level
• Lower 30% ATRD level
These levels act as a volatility-based risk framework, helping you place stops that are aligned with how the market actually moves.
________________________________________
How to Use It (Step-by-Step)
1. Add It to Your Main Chart
• This script must be applied to the candle chart
• Not in a separate panel
You should immediately see lines appear at session opens
________________________________________
2. Choose Your Active Sessions
Enable or disable:
• Asian
• London
• New York
Most traders focus on:
• London + New York for futures
• All 3 for forex
________________________________________
3. Identify the Session Open
At the start of each session:
• A horizontal line is drawn at the open price
This becomes your anchor point
________________________________________
4. Read the 30% Stop Bands
Two lines are automatically plotted:
• Upper Band = Session Open + 30% ATRD
• Lower Band = Session Open – 30% ATRD
Example:
• ATRD = 300 points
• 30% = 90 points
If NY opens at 15,000:
• Upper = 15,090
• Lower = 14,910
These levels represent a minimum realistic stop distance
________________________________________
5. Use It for Stop Placement
Before entering a trade:
Ask:
• Is my stop inside the 30% range? → ❌ Too tight
• Is my stop outside or aligned with it? → ✅ Valid
This prevents getting stopped out by normal volatility
________________________________________
6. Use It for Trade Context
The bands also tell you:
• If price is still within normal movement
• If price is expanding beyond the expected range
• If the move is overextended
________________________________________
7. Combine With Your Setup
Best used with:
• liquidity sweeps
• structure breaks
• VWAP
• session highs/lows
The overlay doesn’t give entries — it protects execution
________________________________________
How Traders Should Use This
Before every trade:
• Where is the session open?
• Where is 30% ATRD?
• Is my stop realistic for current volatility?
• Am I trading into expansion or exhaustion?
________________________________________
What Makes This Different From Other ATR Indicators
1. It Translates ATR Into Real Price Levels
Most ATR indicators:
• just show a number
Koda Overlay:
• converts ATR into visible lines on the chart
You don’t calculate — you see it instantly
________________________________________
2. It Anchors to Session Opens
Standard ATR:
• ignores when volatility actually happens
This tool:
• resets at:
o Asian open
o London open
o New York open
You get session-based risk levels, not generic ones
________________________________________
3. It Uses the 30% Rule (Execution-Based)
Most ATR tools:
• don’t tell you what to do with the number
This one:
• gives a clear, actionable rule:
o ~30% ATRD = minimum stop range
It bridges the gap between indicator → decision
________________________________________
4. Built for Intraday Traders
Standard ATR:
• is often used for swing trading
Koda Overlay:
• is built specifically for:
o scalping
o intraday execution
o session-based trading
It works with how you actually trade
________________________________________
5. Adapts to Any Market Automatically
• Futures (MGC, NQ, GC, MNQ)
• Forex (XAU/USD)
• Crypto
• Stocks
Always uses the symbol’s own daily volatility
________________________________________
Core Concept
“Your stop shouldn’t be based on what you’re willing to lose —
it should be based on what the market normally moves.”
________________________________________
Bottom Line
• ATRD tells you how far price moves
• Session open tells you where movement starts
• 30% Rule tells you how much room you need
This indicator turns all three into clear, visual execution levels.
Catatan Rilis
Koda 30% Stop Overlay - Udated version to move the Dashboard Around the ChartHow to Use
What This Indicator Does
The Koda 30% Stop Overlay takes the daily volatility (ATRD) and converts it into real, actionable levels directly on your price chart.
Instead of guessing where your stop should go, it automatically plots:
• Session Open (Asian / London / New York)
• Upper 30% ATRD level
• Lower 30% ATRD level
These levels act as a volatility-based risk framework, helping you place stops that are aligned with how the market actually moves.
________________________________________
How to Use It (Step-by-Step)
1. Add It to Your Main Chart
• This script must be applied to the candle chart
• Not in a separate panel
You should immediately see lines appear at session opens
________________________________________
2. Choose Your Active Sessions
Enable or disable:
• Asian
• London
• New York
Most traders focus on:
• London + New York for futures
• All 3 for forex
________________________________________
3. Identify the Session Open
At the start of each session:
• A horizontal line is drawn at the open price
This becomes your anchor point
________________________________________
4. Read the 30% Stop Bands
Two lines are automatically plotted:
• Upper Band = Session Open + 30% ATRD
• Lower Band = Session Open – 30% ATRD
Example:
• ATRD = 300 points
• 30% = 90 points
If NY opens at 15,000:
• Upper = 15,090
• Lower = 14,910
These levels represent a minimum realistic stop distance
________________________________________
5. Use It for Stop Placement
Before entering a trade:
Ask:
• Is my stop inside the 30% range? → ❌ Too tight
• Is my stop outside or aligned with it? → ✅ Valid
This prevents getting stopped out by normal volatility
________________________________________
6. Use It for Trade Context
The bands also tell you:
• If price is still within normal movement
• If price is expanding beyond the expected range
• If the move is overextended
________________________________________
7. Combine With Your Setup
Best used with:
• liquidity sweeps
• structure breaks
• VWAP
• session highs/lows
The overlay doesn’t give entries — it protects execution
________________________________________
How Traders Should Use This
Before every trade:
• Where is the session open?
• Where is 30% ATRD?
• Is my stop realistic for current volatility?
• Am I trading into expansion or exhaustion?
________________________________________
What Makes This Different From Other ATR Indicators
1. It Translates ATR Into Real Price Levels
Most ATR indicators:
• just show a number
Koda Overlay:
• converts ATR into visible lines on the chart
You don’t calculate — you see it instantly
________________________________________
2. It Anchors to Session Opens
Standard ATR:
• ignores when volatility actually happens
This tool:
• resets at:
o Asian open
o London open
o New York open
You get session-based risk levels, not generic ones
________________________________________
3. It Uses the 30% Rule (Execution-Based)
Most ATR tools:
• don’t tell you what to do with the number
This one:
• gives a clear, actionable rule:
o ~30% ATRD = minimum stop range
It bridges the gap between indicator → decision
________________________________________
4. Built for Intraday Traders
Standard ATR:
• is often used for swing trading
Koda Overlay:
• is built specifically for:
o scalping
o intraday execution
o session-based trading
It works with how you actually trade
________________________________________
5. Adapts to Any Market Automatically
• Futures (MGC, NQ, GC, MNQ)
• Forex (XAU/USD)
• Crypto
• Stocks
Always uses the symbol’s own daily volatility
________________________________________
Core Concept
“Your stop shouldn’t be based on what you’re willing to lose —
it should be based on what the market normally moves.”
________________________________________
Bottom Line
• ATRD tells you how far price moves
• Session open tells you where movement starts
• 30% Rule tells you how much room you need
This indicator turns all three into clear, visual execution levels.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.