Best AI indicators on TradingView + Top FX brokers
Artificial Intelligence (AI) is revolutionizing trading by providing smarter, data-driven insights. TradingView, a popular platform among traders, offers several AI-powered indicators that enhance decision-making. In this article, we’ll explore the best AI indicators on TradingView, how to use them, and effective trading strategies.
➡ Top 5 brokers that support TradingView
Lux Algo (premium indicator)
What it does: Lux Algo combines AI with advanced technical analysis to identify trends, reversals, and key entry/exit points.
Key features:
- Smart trend detection: Highlights bullish/bearish trends.
- Entry/exit signals: Provides arrows for potential trades.
- Support/resistance levels: Automatically plots key levels.
Trading strategy:
- Trend following: Enter long when the indicator turns green and exit when it turns red.
- Reversal trading: Look for divergence between price and Lux Algo signals for reversals.
Example: On EUR/USD, Lux Algo may show a green arrow at a key support level, signaling a buy opportunity.
TrendSpider AI (TradingView integration)
What it does: TrendSpider uses AI to scan charts for patterns, breakouts, and trend confirmations.
Key features:
- Automated trendlines: AI draws dynamic trendlines.
- Multi-timeframe analysis: Detects trends across different timeframes.
- Backtesting: Tests strategies using historical data.
Trading strategy:
- Breakout trading: Enter when AI detects a breakout above resistance.
- Pullback trading: Buy when the price retraces to an AI-identified support level.
Example: On Bitcoin (BTC/USD), TrendSpider may detect a bullish flag breakout, signaling a long entry.
A.I. Powered Fibonacci Retracement
What it does: AI improves Fibonacci retracement by automatically detecting swing highs/lows for more accurate levels.
Key features:
- Auto Fibonacci levels: AI adjusts retracement zones dynamically.
- Confluence zones: Combines with moving averages for stronger signals.
Trading strategy:
- Bounce trading: Buy near the 61.8% Fibonacci level with RSI oversold confirmation.
- Breakout confirmation: Enter when price breaks above the 38.2% level with volume support.
Example: On Gold (XAU/USD), AI Fibonacci may show a bounce at 50%, offering a long entry.
Squeeze Momentum Indicator (LazyBear)
What it does: Combines Bollinger Bands and Keltner Channels to detect market “squeezes” before big moves.
Key features:
- Momentum alerts: Shows when volatility is expanding.
- Directional bias: Indicates bullish/bearish momentum shifts.
Trading strategy:
- Squeeze Breakout: Enter when the indicator exits a squeeze (dots turn from gray to colored).
- Trend Continuation: Trade in the direction of momentum (green = bullish, red = bearish).
Example: On Tesla (TSLA), a squeeze breakout may precede a strong upward move.
AI Moving Average (adaptive MA)
What it does: AI adjusts moving average sensitivity based on market volatility.
Key features:
- Dynamic smoothing: Reduces lag in trending markets.
- Support/resistance role: Acts as dynamic support in uptrends.
Trading strategy:
- Trend confirmation: Buy when price is above the AI MA and RSI > 50.
- Mean reversion: Short when price deviates too far from the AI MA.
Example: On NASDAQ (NQ100), the AI MA may act as support in a strong uptrend.
Top 5 FX and CFD brokers to start trading
If you’re ready to apply these AI strategies, choosing the right broker is crucial. Here are the top 5 brokers for FX and CFD trading:
BlackBull Markets
- Regulation: FMA (New Zealand)
- Features: Tight spreads, ECN execution, MT4/MT5 support.
- Best for: Scalpers and high-volume traders.
XTB
- Regulation: FCA (UK), CySEC (EU)
- Features: Advanced xStation platform, free educational resources.
- Best for: Beginners and algorithmic traders.
eToro
- Regulation: FCA, CySEC, ASIC
- Features: CopyTrading, social trading, user-friendly interface.
- Best for: Social traders and beginners.
Risk disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
AvaTrade
- Regulation: Central Bank of Ireland, ASIC
- Features: Automated trading (DupliTrade), wide asset selection.
- Best for: Automated trading enthusiasts.
Exness
- Regulation: FSA (Seychelles), CySEC
- Features: Ultra-low spreads, instant withdrawals.
- Best for: High-frequency traders.
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Best AI indicators for FX trading - FAQ