Dorado Trend
- Indicators
-
Dhanesh Kumar Ramachandran Nair Omanakumari
Dorado Trading: trading tools for gold and forex. - Version: 1.0
Short description:
See the trend at a glance. Blue = buy, red = sell, grey = wait. Free, simple, never repaints.
Full description:
Trade with the trend, not against it.
Many losing trades go against the bigger trend. Dorado Trend checks two things for you, the bigger trend and the current move on your chart, and only colours your candles when both agree.
🔵 Blue candles: the trend is up. Look for buys only.
🔴 Red candles: the trend is down. Look for sells only.
⚪ Grey candles: the market is undecided. Stay out and wait.
No complicated settings, no guesswork.
What you see on your chart
- Coloured candles show which side to be on.
- Big arrow: a new trend has just started.
- Dot: a calmer entry. After a trend starts, price often dips back before moving on. The dot appears when price comes back to the white line and turns in the trend direction again. It’s usually a better entry than chasing the arrow.
- Thick stepped line: the bigger trend. Blue below price means up; red above price means down. When price breaks through it, the bigger trend has changed.
- Info box: tells you in plain words:
- Bias: the bigger trend, up or down.
- Now: buy trend, sell trend or wait.
- For: how long it has lasted.
- Entry: “Wait for pullback” until the dot appears, then “Buy entry given” or “Sell entry given”.
How to use it
- Check the colour. Blue = buys only, red = sells only, grey = no new trades.
- Wait for the dot, then enter.
- Put your stop loss beyond the most recent swing high or low.
- When the candles turn grey, protect your trade by tightening your stop or taking some profit. If they turn the opposite colour, close it.
- Missed the dot? Don’t chase. Wait for the next trend.
Why traders like it
✔ Never repaints. Signals appear only after a candle closes and never move or disappear.
✔ Keeps you out of messy, sideways markets.
✔ Alerts for new trends and entry dots: pop-up, phone notification or email.
✔ Works on any symbol. Designed for gold (XAUUSD) on the 15-minute chart.
✔ Every part can be switched on or off, and the info box can go in any corner.
Good to know
- Dorado Trend shows you which side to trade and gives you a sensible entry. It doesn’t predict every move.
- Some trades will lose, especially in sideways markets. The aim is for the trends you catch to be bigger than the small losses in between.
- Always use a stop loss and sensible position sizes.
- Your chart’s own candles are hidden while Dorado Trend runs and come back when you remove it.
Settings
It works straight away with the default settings. If you want, you can change:
- The bigger-trend timeframe (default 4 hours).
- Which parts are shown.
- Where the info box sits.
- Which alerts you receive.
Dorado Trend is a free tool from Dorado Trading. Trading involves risk. Past behaviour of any indicator does not guarantee future results.
