Daily Relative Strength (Daily Update)

📊 Daily Relative Strength Rank Table (Crypto / Multi-Asset)

This indicator provides a daily relative strength ranking of multiple assets using normalized percentage returns (Z-Scores). It is designed to help traders quickly identify which tokens are outperforming or underperforming the group, both today (live) and yesterday (finalized).


🔍 How It Works

Each asset’s daily percentage return is calculated from the daily close.

Returns are then normalized (Z-score) across the selected group, showing how far each asset deviates from the group average.

Assets are ranked from strongest to weakest based on today’s normalized score.


📈 Table Columns

Rank – Relative position vs other assets (higher = stronger)

Token – Asset symbol

Today Z – Live, intraday relative strength (updates in real time)

Yday Z – Frozen relative strength from the previous daily close

The Yesterday score does not repaint and remains constant throughout the day, allowing for clear comparison between today’s performance and the prior session.


🎯 Why Use This Indicator?

Quickly spot leaders and laggards

Compare assets on a percent-based, normalized scale

Avoid price bias (low-price and high-price assets are treated equally)

Ideal for rotation strategies, momentum trading, and market strength analysis


⚙️ Customization

All symbols can be changed directly in the indicator settings

Works on any timeframe (daily logic is handled internally)

Designed for crypto, but works with stocks, forex, or indices


🧠 Best Use Cases

Identifying top outperformers

Confirming trend continuation

Comparing sector or basket strength

Improving timing and capital allocation decisions