Relative Outperformance vs SPX (Pro Daily)

Find true market leaders before the breakout.

This indicator measures a stock’s percentage outperformance versus the S&P 500 (SPX) across multiple daily timeframes (5, 20, 50, 200) and combines them into a weighted Relative Strength (RS) Score.

Unlike simple ratio indicators, this tool shows:

📊 Multi-period relative performance (%)

⭐ Weighted RS Score

🚦 Early Leader signal (20D + 50D strength)

🏆 Confirmed Leader signal (adds 200D trend)

📋 Clean dashboard panel for fast decision-making

Why This Matters

Strong stocks outperform the index before they break out.

This tool helps you:

Identify emerging leadership

Confirm institutional sponsorship

Avoid weak relative names

Improve breakout and pullback selection

Green values = outperforming SPX
Red values = underperforming SPX

Designed specifically for daily swing trading and position trading.

Best Used With

Breakout strategies

Pullbacks to moving averages

Undercut & Rally setups

Relative volume confirmation

Market rotation strategies

Suggested Daily Settings

5 / 20 / 50 / 200
Weights: 0.20 / 0.35 / 0.35 / 0.10
Smoothing: 3

Disclaimer

Educational purposes only.
Not financial advice.
Past performance does not guarantee future results.