market relative strength

Overview
market relative strength is a custom indicator that visualizes how strong or weak a given asset is compared to a selected market benchmark — such as KOSPI, NASDAQ100, BTC dominance, or total crypto market cap.

How It Works
The indicator calculates the relative return between the current asset and the selected benchmark over a user-defined period. It then normalizes the difference into a 0–100 score:

Above 50 = outperforming the market

Below 50 = underperforming the market

Above 70 / Below 30 = strong divergence from market trend

Use Case
This is ideal for identifying assets with strong relative performance, detecting trend leaders or laggards, and rotating positions between sectors or assets based on strength.

Customization

Choose from a list of market indexes or crypto metrics

Set the comparison period and normalization range

Visual cues with background shading for strong/weak zones

Note
This is not the same as RSI. This indicator is based on relative performance to a benchmark, not price momentum.