CRS by TQ

CRS by TradeQUO
Comparative Relative Strength Indicator

What it does

• Computes the percentage difference in performance between your current chart symbol (e.g. GC1!) and a chosen benchmark (e.g. ES1!, DXY, NQ1!).
  
• Smooths that “CRS” line with a configurable moving average (SMA, EMA, WMA) — default length is 63 bars.
  

Key Plots

• CRS (%) (aqua) — how your symbol has held up relative to the benchmark since the chart loaded.
  
• CRS MA (%) (fuchsia) — smoothed trend of that relative strength.
  

How to Interpret

Trend-Following

• Long when CRS crosses above its MA and is above 0 → your symbol is outperforming.
  
• Short (or reverse) when CRS crosses below its MA and is below 0 → underperformance.
  

Regime Filter

• CRS > 0 → Risk-On environment for your symbol vs. benchmark.
  
• CRS < 0 → Risk-Off relative to the benchmark.
  

Divergence Signals

• Bearish Divergence: Price makes a higher high, but CRS makes a lower high → potential sell-off incoming.
  
• Bullish Divergence: Price makes a lower low, but CRS makes a higher low → look for rebound opportunity.
  

Pairs Trading

• Outperformance: Long your symbol + Short benchmark when CRS > MA.
  
• Underperformance: Short your symbol + Long benchmark when CRS < MA.
  

Why it matters

• Reveals relative market leadership early, not just absolute price moves.
  
• Helps you allocate risk dynamically, spot rotations and catch reversals before they show in price alone.