RS Ratio vs Benchmark (Colored)

📈 RS Ratio vs Benchmark (with Color Change)
A simple but powerful tool to track relative strength against a benchmark like QQQ, SPY, or any other ETF.

🔍 What it Shows
RS Ratio (orange line): Measures how strong a stock is relative to a benchmark.

Moving Average (teal line): Smooths out RS to show trend direction.

Color-coded RS Line:

🟢 Green = RS is above its moving average → strength is increasing.

🔴 Red = RS is below its moving average → strength is fading.

📊 How to Read It
Above 100 = Stock is outperforming the benchmark.

Below 100 = Underperforming.

Rising & Green = Strongest signal — accelerating outperformance.

Above 100 but Red = Consolidating or losing momentum — potential rest period.

Crosses below 100 = Warning sign — underperformance.

✅ Best Uses
Spot leading stocks with strong momentum vs QQQ/SPY.

Identify rotation — when strength shifts between sectors.

Time entries and exits based on RS trends and crossovers.