Relative Strength Scatter Plot

Relative Strength Scatter Plot places user-selected symbols on a four-quadrant graph of comparative relative strength against momentum, both measured versus a benchmark of your choice. Inspired by relative rotation graphs, it shows at a glance which markets lead, which are fading, and which are quietly building strength.

How to Trade the Relative Strength Scatter Plot?

• Green quadrant: leading the benchmark, strong relative strength ratio with positive momentum.
• Yellow quadrant: still ahead on strength but momentum is decaying, leadership at risk.
• Blue quadrant: lagging in strength while momentum improves, candidates rotating toward leadership.
• Red quadrant: lagging on both counts, the weakest corner of the graph.
• Trails: each symbol drags a configurable history behind it, so you watch its rotation through the quadrants rather than a single snapshot.

The RS-Ratio starts from the symbol's strength relative to the benchmark, smoothed with a linearly weighted moving average, normalized against a second WMA, and scaled by 100. RS-Momentum is derived from the ratio between the RS-Ratio and its own WMA, again scaled by 100: position on the X-axis, its momentum on the Y-axis.

Relative Strength Scatter Plot Settings

• Calculation Window: the lookback used to compute the RS-Ratio and RS-Momentum metrics.
• Symbols: the tickers to plot, each line with its own visibility and color controls.
• Benchmark: the reference symbol, typically an index, that every computation compares against.
• Trail Length: how many historical data points each symbol displays.
• Resolution: the horizontal breadth of the graph.

Frequently Asked Questions

What does a symbol sitting in the red quadrant mean?

Is this an official Relative Rotation Graph?

How can I access it, and is there a crypto-focused alternative?