Relative Strength Radar
Mansfield Relative Strength & Leadership Indicator for TradingView
See, at a glance, whether a stock is leading or lagging the market. Relative Strength Radar plots true relative strength (not RSI) against any benchmark — SPX, NIFTY, UKX or your own — with a momentum MA, strength zones, zero-cross and crossover signals, and a composite leadership rating distilled to a single word.
01 Quick Summary
Relative Strength Radar is an invite-only TradingView indicator built around one question: is this stock beating the market, or being beaten by it? It computes Mansfield-style relative strength against any benchmark, plots it as a colour-coded line with a momentum moving average, marks zero-crosses and MA crossovers, shades strong and weak zones, and rolls everything up into a single composite rating (STRONG → WEAK) in a pinned info table.
02 Overview
This is not RSI. Where RSI measures a single stock's internal momentum, Relative Strength Radar measures one stock against another instrument — typically a market index. The result tells you whether the stock is generating returns above or below the benchmark over your chosen lookback, regardless of whether the broader tape is up or down.
The core calculation is Mansfield Relative Strength:
RS = (stock_now / stock_N_bars_ago) ÷ (benchmark_now / benchmark_N_bars_ago) − 1
An RS of +0.10 means the stock has outperformed the benchmark by roughly 10% over the lookback. An RS of −0.05 means it has underperformed by ~5%. The zero line is the dividing line between leaders and laggards.
On top of that baseline, the tool layers a moving average (default EMA-34) to show whether outperformance is accelerating or fading, a histogram of the gap between RS and its MA, dotted strength-zone bands at ±10%, and a four-factor composite rating that summarises everything in one word — STRONG, OUTPERFORM, NEUTRAL, UNDERPERFORM or WEAK. Built-in alerts fire on each of the major events so you can monitor leadership shifts across a watchlist without staring at charts.
03 Key Features
True relative-strength math — not a momentum oscillator. Compares cumulative price change against the benchmark over your chosen lookback (default 50 bars).
Default is SPX for US stocks, but the benchmark is a free-form symbol input. Use NSE:NIFTY50 for India, TVC:UKX for the UK, BTCUSD for crypto leadership — anything TradingView can quote.
Choice of SMA, EMA, WMA or RMA applied to the RS line (default EMA-34). When RS is above its MA, leadership is accelerating; when it is below, it is fading.
Plots the gap between RS and its MA as a green/red histogram. Quick visual read on the second derivative of strength — how fast leadership itself is changing.
Dotted bands at ±10% (adjustable) shade the chart green above and red below — instantly distinguishing genuine leadership from mere outperformance.
Triangle markers fire when RS crosses zero (leadership flip vs benchmark). Circle markers fire when RS crosses its MA (momentum shift). Both are toggleable.
A four-factor score (above zero, above MA, rising, persistently rising) maps to a single label — STRONG, OUTPERFORM, NEUTRAL, UNDERPERFORM or WEAK — for instant context across a watchlist.
Pinned summary in any of four corners showing ticker, benchmark, live RS %, MA value, momentum direction, rating and lookback period — all colour-coded.
Native TradingView alerts for outperforming/underperforming flips, momentum rising/falling, and entry into the strong or weak zone. Wire them into your alert workflow.
04 Reading the Rating
The composite rating combines four signals: (1) is RS above zero, (2) is RS above its MA, (3) is RS rising bar-over-bar, and (4) is RS positive and higher than five bars ago. Each contributes to a score that maps to the labels below.
05 How to Use Relative Strength Radar
Add it to TradingView
Open the Indicators menu → Invite-Only Scripts → select Relative Strength Radar and apply it to your chart. It will load into a separate sub-pane below price with the line, MA, histogram, zones and info table populated automatically.
Choose Your Benchmark
SPX is the default and works for US stocks. Change it to match your universe: NSE:NIFTY50 for Indian equities, TVC:UKX for UK, TVC:DXY for currency-relative strength, or your sector ETF (e.g. AMEX:XLK) for sector-relative strength.
Set the RS Period
The lookback period controls how much history is averaged into the RS reading. 50 bars is the default — roughly a quarter on daily. Shorter (20–30) makes the line twitchier and more reactive; longer (100–252) smooths it into a regime indicator suitable for position trading.
Tune the MA
Default is EMA-34. Use SMA for the cleanest line, EMA for faster response, RMA for the smoothest. Shorten the period (13–21) for swing trading, lengthen it (55–89) for position trading.
Adjust the Zone Threshold
Default zone threshold is 0.10 (10% over/under benchmark). Lower it (0.05) for low-volatility large caps or short timeframes; raise it (0.20+) for small caps, crypto or longer lookbacks where 10% is easy to clear.
Read line, histogram and table together
The line answers where the stock stands (above or below zero, above or below its MA). The histogram answers how fast the picture is changing. The table's rating distils both into a single tag — ideal when scanning many tickers in quick succession.
Set Alerts
Right-click → Add Alert → Condition: Relative Strength Radar → choose from six pre-built alert conditions (zone entries, zero-crosses, MA crossovers). Apply across your watchlist to be notified when leadership flips on any tracked ticker.
06 Strategy Ideas
Educational examples only — always test before using real capital.
Only Trade STRONG / OUTPERFORM
Add the indicator to every name on your watchlist and only consider long setups where the rating is STRONG or OUTPERFORM. Filters out laggards before you even look at price structure — the simplest and most powerful use of RS.
RS Crosses Above Zero
A zero-cross on a stock that has been underperforming for months can mark the start of a new leadership leg. Combine the green triangle with a price breakout or higher-timeframe trend flip for a confluence entry.
Long STRONG, Short WEAK
Run the indicator on two correlated names in the same sector. Long the STRONG, short the WEAK — the spread harvests relative strength while reducing exposure to the broader market's direction.
RS Cross Below MA
A high RS reading rolling under its own MA — especially after a long run in the green zone — often signals fading leadership before price weakens. Useful for partial profit-taking or tightening stops on existing longs.
Compare vs Sector ETF
Set the benchmark to the stock's sector ETF (e.g. NVDA vs SMH, JPM vs XLF). This isolates true intra-sector leadership and surfaces the best name within a strong group — often a better entry than chasing the obvious sector leader.
Strong Zone + Pullback
When RS is firmly in the green strong zone and price pulls back to support, you have a high-conviction continuation setup: the stock is structurally leading and offering a discount to that leadership.
Reminder: RS is a relative measure. A stock can have a STRONG rating in a falling market — it simply means it is falling less. Always combine RS with absolute trend, market structure and a defined risk plan before sizing a position.
07 Best Tools to Combine With
Relative strength tells you which stocks to focus on; complementary tools tell you when and where to act. Pair RS Radar with these to turn a leadership read into a structured trade idea.
Confirm absolute trend alongside relative strength — the cleanest longs are stocks with RS > 0 and price in a confirmed uptrend.
Time RS-based ideas to BOS / CHoCH and Fibonacci retracements for higher-conviction entries on the leaders.
Buy STRONG-rated names at major support; short WEAK-rated names at resistance — RS plus level gives both the "who" and the "where."
Confirm leadership shifts with above-average volume — RS flips on heavy volume tend to stick; flips on thin volume often fade.
Use a sector view to pick the strongest group, then use RS Radar vs the sector ETF to pick the strongest name within that group.
Use the strong/weak zone exits as one component of a defined stop framework — leadership loss is often an early warning of price weakness.
08 Easy Setup Guide
Get all 28+ tools activated in 4 simple steps.
Go to Your Dashboard
After purchasing your plan, log in to your ToolTack account and navigate to your personal dashboard. This is your command centre for managing your subscription and tools.
Update Your TradingView Username
Enter your exact TradingView username in the designated field. Make sure it matches your TradingView profile exactly — this is how access is granted.
Wait for Activation
The ToolTack team will activate the tools on your TradingView account within 24 hours. You will receive a confirmation email once activation is complete.
Access Your Tools
Open TradingView → Indicators → Invite-Only Scripts. Your ToolTack indicators, screeners, dashboards and strategies will be ready to add to your charts.
09 Who It Is For
Why Subscribe to ToolTack
One subscription unlocks the full ToolTack library — indicators, screeners, dashboards and strategies built specifically for TradingView workflows. Activate with your TradingView username and access everything from a single dashboard.
- Access to 28+ TradingView tools
- Faster, more structured market analysis
- Decision-support, not signal services
- Built for the TradingView ecosystem
- Useful for learning & testing
- Easy activation in under 24 hours
- One dashboard to manage everything
- Continuous additions to the toolset
10 Frequently Asked Questions
Is this the same as RSI?
No — and the indicator name highlights this on purpose. RSI (Relative Strength Index) measures internal price momentum of a single security. Relative Strength here is Mansfield-style: stock performance divided by benchmark performance minus one. It tells you whether the stock is beating the market, not whether it's overbought.
What benchmark should I use?
For US single-stock work, SPX (or SPY) is the standard. For sector-specific reads, use the sector ETF (XLK, XLF, XLE, etc.). For international, use the local index (NSE:NIFTY50, TVC:UKX, TVC:NI225). For crypto, BTCUSD makes a natural benchmark. The tool accepts any TradingView symbol.
Does the RS line repaint?
The RS calculation uses confirmed historical closes for both the stock and the benchmark, and the moving average updates on the same closed-bar basis. The current bar updates intra-bar as price moves — like any indicator — but historical values do not rewrite.
What does an RS value of 0.10 mean?
It means the stock has outperformed the benchmark by roughly 10% over the RS Period (default 50 bars). Values are displayed as percentages in the info table for readability. Above zero = outperformance; below zero = underperformance.
What lookback period should I pick?
It depends on your style. 20–30 bars for short-term swing, 50 bars (default) for general swing trading, 100–200 bars for position trading and longer-term leadership reads. On daily charts, 50 bars is roughly one calendar quarter — a good balance between responsiveness and noise.
Should I trust the rating on its own?
No. The rating is decision-support, not a trade trigger. A STRONG rating with no support nearby, no setup and no plan is still not a trade. Combine the rating with price structure, levels and a defined risk plan before considering a position.
Can I use this on forex or crypto?
Yes. For crypto, set the benchmark to BTCUSD (or TOTAL) to measure altcoin strength relative to bitcoin or the broader crypto market. For forex, comparing a pair against TVC:DXY can isolate dollar-driven moves from pair-specific moves.
What timeframes work best?
Daily and weekly are the sweet spot for leadership and rotation work. Intraday from 1h to 4h works for short-term rotation. Below 15m the relative-strength signal becomes very noisy on most equities and is rarely worth using.