EchoSpike by Goodwill (Free Bank Nifty & Crude Oil Buy/Sell Indicator)

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If you’ve been trading Bank Nifty, Crude Oil, or Options, chances are you’ve already tried dozens of indicators — most of which either lag, repaint, or confuse you right when the market gets serious.

And if you’re here searching for a free Bank Nifty indicator or a Buy/Sell signal system that actually works in real time — not just in hindsight — then you’re exactly where you need to be.

EchoSpike is a powerful, multi-featured trading indicator created by Goodwill Wealth Management, built specifically for intraday precision. It gives clean Buy/Sell signals, dynamic trend flips, real support/resistance zones, and volatility-based reversal alerts — all using 38-point range bars that eliminate market noise.

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5 Built-In Features That Make EchoSpike a Complete Buy/Sell System

1. Echo Action

Price reacts to levels — but most traders draw them manually or guess. Echo Action auto-generates support and resistance based on real-time price behavior. Helps you avoid false breakouts.
Protects you from entering too late Works across all instruments — Bank Nifty, commodities, even Sensex.

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2. Echo Bands : Volatility-Based Reversal Zones

Inspired by Bollinger Bands, but built for range bar logic. Echo Bands adapt to market volatility and show you:

1. Where price is overbought or oversold

2. When to fade or follow a move

3. How to avoid getting trapped in sideways zone, Works beautifully on Bank Nifty, Crude, and NatGas.

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3. Echo Trend :  Real-Time Direction Without Lag.

This colored trend line flips:

Green when momentum shifts bullish Red when it turns bearish Unlike MACD or moving averages, Echo Trend responds immediately to price movement. It helps you avoid counter-trend trades and stay in sync with the market.

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4. Echo Black : WAP-Style Market Anchor

This line acts as the institutional average, helping you understand where smart money is likely positioned.

1. Great for mean reversion trades
2. Ideal in volatile sessions
3. Pairs well with Echo Signal for high-conviction setups

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5. Echo Signal — Instant Buy/Sell Tag on the Chart

Echo Signal is your simplest, clearest trigger. It places a bold “Buy” or “Sell” label directly on the chart the moment a valid signal is generated.

1. No confusion
2. No waiting for confirmation
3. Just act when the tag appears

It’s especially useful for Bank Nifty options scalpers, where seconds can define a trade.

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How to use Echospike in Banknifty?

For Bank Nifty, EchoSpike provides signals on two separate charts — one for Call Options (CE) and one for Put Options (PE).

✅ You don’t have to choose which side to trade.
✅ You don’t have to manually switch charts.
✅ We select the strike price and chart for you — EchoSpike does the rest.

Just follow the chart, wait for the Echo Signal, and act.

“Less confusion. More confidence. That’s how it should be.”

How to Enter & Exit trades in Banknifty?

Every EchoSpike signal comes with a pre-defined stop loss of 30 points on Bank Nifty.

1. 🎯 Initial target: 1:1 risk-reward (30 points profit for 30 points risk)

2. 📈 After that, trail your position using EchoTrend or bar color change

3. 💡 This keeps you in the move while protecting your downside

You don’t need to think about stop loss size, targets, or exits.
EchoSpike gives you the direction — and the discipline.Same can be used for Sensex and Nifty scripts aswell.

 

 

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Disclaimer:

Trading in the stock and commodity markets involves risk. Past performance of any indicator or strategy does not guarantee future results. Users are advised to understand the risks involved and consult with a registered financial advisor before making any trading decisions. It is not a recommendation to buy or sell any security, derivative, or commodity. All trading and investment decisions are solely your responsibility.