Sammy, I don't think there is any relationship between the placement on the chart between SSO and $NYAD/SAR. One has a scale on the left and the other on the right. Their relative position is just a function of the range of each of the plots. Change the time frame and their relative positions will change. I would suggest taking SSO off the chart, it adds nothing and just makes the chart harder to read.
You referred to SSO candlesticks in your comment about the whipsaw. SSO is plotted as the pink line. The candlesticks are nyad. As I said above, take SSO off the chart.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.