AI Lines is a technical indicator designed to identify the current price trend and provide strong levels at which the price is likely to reverse, it relies on Machine Learning methods to accurately predict future price movements
Interpreting the Lines
AI Lines comprises seven lines: 3 upper lines (Red), 3 lower lines (Blue), and a middle line (dashed). The blue lines represent buy levels, with the strongest at the bottom (line 3 or level 3). The red lines denote potential sell zones, with the most robust level positioned at the top (3rd line). The middle line signifies the market’s equilibrium or balance, the price tends to pivot around this line.
Application Guidelines
- Select Your Time Frame: AI Lines accommodates traders of all styles, whether you are a scalper, day trader, or swing trader. This adaptability is due to the fractal nature of the market, where price behavior is relatively consistent across various time-frames.
Choose the channel you want to trade on: You can do this through the buttons dedicated to selecting price channels, or you can choose the default channel by pressing the “Auto” button.
Await Price Convergence: In an uptrend, consider buying opportunities when the price approaches the buy lines. In a downtrend, contemplate sell positions as the price nears the sell lines. It is highly recommended to initiate trades at levels 2 or 3 to maintain a high risk-to[1]reward ratio.
Seek Confirmation: Employ various confirmation tools, such as candlestick patterns (e.g., pin-bars, engulfing pattern…), oscillators (e.g., Stochastic, RSI), moving averages, or your preferred custom indicators, to validate your trades.
Execute the Trade: We recommend placing your stop loss below the lowest line for buy positions or above the highest line for sell positions. Take profit can be set at the middle line or close the order manually when price touches the middle line. You may also secure a portion of your profits and adjust your stop loss to break even, subsequently targeting the upper (buy) or lower (sell) lines for potentially higher returns.
Optimize Your Risk Management (move your stop loss ): In an uptrend, consider proactively adjusting your stop loss upwards as the lowest line rises (3rd level). Over time, you may find your stop loss transitioning into a positive profit. Similarly, for sell orders. This strategy can help minimize losses and potentially secure better returns.
Additional Features
- Lot Size Calculator: AI Lines automates lot size calculations. This streamlines the trading process, sparing you the effort of manual calculations.
Alerts: AI Lines offers the convenience of setting alarms triggered when the last candle closes near buy or sell zones. This feature ensures you don’t have to continuously monitor the chart, you can turn it on/off using the Alarm On/Alarm Off button.
How to get your demo (free) or paid version?
If you want to download the demo version or subscribe to the paid version please check the link below.
AI Lines not only enhances your trading insights but also transforms a chaotic chart into a visually appealing and comprehensible format.