Tool Tack Relative Strength Radar

Relative Strength Radar applied to a leading large-cap stock vs the S&P 500 (SPX) — Daily timeframe. Green sections mark periods of outperformance, red sections mark underperformance. Relative Strength Radar is a comparative-performance indicator for TradingView. It is NOT the Relative Strength Index (RSI) — the two are completely different tools. RSI measures whether a single asset is overbought or oversold based on its own price action. Relative Strength Radar measures whether one asset is winning or losing against another asset. The default comparison is your chart symbol against the S&P 500 Index (SPX). You can change the benchmark to any symbol on TradingView — NIFTY 50, FTSE 100, Bitcoin, Gold, an ETF, or even another stock. The RS value is calculated using the Mansfield Relative Strength formula over a 50-bar lookback by default. When the RS line is above zero, your symbol is outperforming the benchmark over the lookback period. When the RS line is below zero, your symbol is underperforming the benchmark. The line is colour-coded automatically — green when above zero, red when below zero. A configurable moving average is plotted on top of the RS line to smooth the signal and show momentum direction. The default is an EMA(34), but SMA, WMA, and RMA are also supported with adjustable length. A histogram below the line shows the gap between RS and its moving average. A rising green histogram means relative strength is accelerating in your favour. A falling red histogram means relative strength is decelerating or weakening. Two threshold bands shade the chart — a green Strong Zone above the upper threshold and a red Weak Zone below the lower threshold. These zones make it instantly clear when a symbol is not just outperforming, but dominating its benchmark — or vice versa. Triangular markers appear whenever RS crosses above or below zero. Circular markers appear whenever RS crosses above or below its moving average. Together these signals capture both major regime changes and shorter-term momentum shifts in relative performance. A composite RS Rating combines four conditions — RS vs zero, RS vs MA, short-term slope, and medium-term slope. The rating is displayed in the info table as STRONG, OUTPERFORM, NEUTRAL, UNDERPERFORM, or WEAK. The info table also shows your ticker, the benchmark ticker, the live RS value as a percentage, the moving average value, the current momentum state, and the lookback period. The table position is configurable to any corner of the chart. Relative Strength Radar works on every asset class supported by TradingView. It works on every timeframe, from intraday up to weekly and monthly charts. Higher timeframes such as daily and weekly are the most popular for relative-strength analysis. The most common workflow is to scan a watchlist and only trade names that are in a Strong Zone or have just crossed above zero. Stocks with rising relative strength tend to attract institutional buying and lead the next leg of a market move. Stocks with falling relative strength tend to lag and are best avoided on the long side. Six built-in TradingView alerts cover every important shift: cross above zero, cross below zero, MA cross up, MA cross down, entry into Strong Zone, entry into Weak Zone. Alerts can be delivered as popups, emails, mobile push notifications, SMS, or webhooks. Webhooks allow Relative Strength Radar to feed trading bots, Discord channels, Telegram groups, or any third-party automation. Relative Strength Radar is a comparative-performance filter, not a complete trading system. It will lag in very sharp reversals and can produce false signals in choppy, rangebound markets. For best results, always combine it with proper risk management and at least one independent confirmation tool such as price structure, volume, or a trend indicator like TrendArc.

Relative Strength Radar is designed for stock traders, swing traders, position traders, portfolio managers, and sector rotators who need to know which names are leading the market and which are lagging. It suits CANSLIM-style growth investors, leadership-scan traders, and anyone who applies the principle of “buy strength, sell weakness.” It also works for crypto and forex traders comparing a coin or pair against a broader index or basket. Intermediate traders use it as a primary screening filter, while advanced traders use it alongside their own market structure and entry tools for high-conviction setups.

Most traders look at a chart in isolation — they see a stock going up and assume it is strong. Relative Strength Radar reframes that view by asking a more important question: is this stock going up faster than the market, or slower? A stock that rallies 5% while the index rallies 10% is technically up, but it is underperforming, and capital is flowing elsewhere. By plotting RS as a clean, colour-coded oscillator with an MA, histogram, zones, signals, and a composite rating, the indicator makes leadership and laggardship obvious at a glance. This helps traders concentrate capital in the strongest names, avoid weak ones, time rotations between sectors, and align their entries with the side of the market that institutional money is actually backing.

• • Leadership identification
• • Laggard avoidance
• • Sector rotation analysis
• • Watchlist scanning and ranking
• • Stock vs index comparison
• • Stock vs sector ETF comparison
• • Crypto vs Bitcoin / Total market comparison
• • Forex pair vs index comparison
• • Entry timing on outperformance breakouts
• • Exit timing on relative-strength breakdowns
• • Pullback entries inside a Strong Zone
• • Trend confirmation alongside price action
• • Multi-timeframe relative-strength analysis
• • Portfolio screening for growth and momentum
• • CANSLIM-style leadership filtering
• • Risk management and capital allocation
• • Alert automation and webhook-driven workflows
• • Bot integration for relative-strength strategies