Fault location (FL) is one of the main challenges in Advanced Distribution Automation (ADA) of Active Distribution Networks (ADN). One of the commonly used strategies by utilities to deal with this challenge is the use of Fault Indicators (FIs), which indicate to the operator the path taken by the fault current. However, a good performance of this scheme depends on the number of installed devices, a high number of them could cause a high cost for the utility investment planning. In this context, this paper presents an artificial intelligence-based fault location strategy that determines the number and location of FI into ADN to maximize performance in fault section estimation. To achieve this objective, the ADN is divided into sections, and the FL problem is modeled as a classification problem to train an Artificial Neural Network (ANN). To determine the number of FIs to be installed and their location, the strategy uses the three-phase current magnitudes measured by the FI as features for an ANN model. Also, the strategy uses a feature selection and tuning scheme based on a multiverse optimization algorithm (MOA) to identify the features that maximize the accuracy of the ANN model. The strategy was validated on the IEEE123-node test feeder. The results showed accuracy close to 99.4 % with a reduction of 40 % of the number of FIs when compared with other method. The strategy shows its simplicity and promising prospects to apply it in the utility's investment planning.