Relative Strength (RS) comparison to the major stock market indexes with sectors, industry groups and also direct RS comparisons with other stocks, is a core part of Stan Weinstein's Stage Analysis method, and was described in detail in the classic book Stan Weinstein's Secrets For Profiting in Bull and Bear Markets.

In this brief 12 minute video I explain some different setup options for the Stage Analysis Technical Attributes (SATA) Indicator, which is available to use for free on Tradingview...