S&P 500 Index (SP500)

[bobjack]

TREND1, Your chart does not look right -- are you using a tick chart?? Farooq's chart is a normal 5 Min Candlestick Chart.
Here is todays (Dec4) 5 Min Candlestick of QID with RSI(14,5).
Compare it to yours. I still don't think your chart is right -- maybe I am full of horse pucky about the SIGNAL being an EMA, maybe it is an SMA.
I am having trouble with your bars, as well as your RSI. The premarket bars will throw off the look of the indicators.
The Hourly marks on the bottom of your chart jump from 12:00 to 06:00. Is that 12 noon to 06:00, or 12 midnight to 06:00.
Just compare normal hrs (without premarket hrs) to influence the readings.
bobjack