Relative Strength (RS) Outperformance Scanner

Relative Strength (RS) Outperformance Scanner

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Live RS Outperformance Screener

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⚡ How The Relative Strength (RS) Outperformance Scanner Works

1

Load Historical & Live Data

The scanner pulls live NSE/BSE quotes and historical daily candles from the Upstox API proxy, including Nifty 50 as the benchmark index.

2

Compute RS Ratio vs Nifty 50

For each stock, the RS Ratio is calculated: (1 + Stock Return) / (1 + Nifty Return). A ratio above 1.0 means the stock is outperforming the benchmark.

3

Rank & Score All Stocks (1–99)

Every scanned stock is assigned an RS Score from 1 to 99 based on its percentile rank. Stocks scoring 90+ are in the top decile — prime breakout candidates.

4

Signal Alerts & Mansfield RS Line

The scanner identifies RS Rising (momentum building) and RS at New High setups using the Mansfield RS methodology, and fires real-time browser notifications for Pro users.

💡 Frequently Asked Questions (FAQs)

📈 What is Relative Strength (RS) in stock analysis?
Relative Strength (RS) measures how a stock is performing compared to a benchmark index, such as the Nifty 50. An RS ratio above 1.0 signals that the stock is outperforming the broader market. Use our Open High Open Low Stock Screener to spot intraday entry points in high-RS stocks.

🎯 What is an RS Score of 90+ and why does it matter?
An RS Score of 90 means the stock is outperforming 90% of all scanned stocks over the selected period. William O’Neil’s CAN SLIM strategy recommends buying only stocks with an RS Score of 80 or above before a breakout. If you trade a breakout on such stocks, calculate your average entry with the Stock Market Average Calculator.

📊 What is the Mansfield RS Line?
The Mansfield RS Line, developed by Stan Weinstein, compares the ratio of a stock’s price to the Nifty 50 against the 52-week moving average of that ratio. A rising Mansfield RS line above zero confirms a stock is in a leadership phase. To evaluate if these leaders are also at key pivot levels, check the Central Pivot Range (CPR) & Pivots Scanner.

🔥 How do I use RS Rising signal to find momentum stocks?
An “RS Rising” signal means the stock’s relative strength ratio has been increasing over recent weeks — showing accelerating momentum versus the Nifty 50. These are the ideal candidates to buy on pullbacks to support. Use the Stop Loss Calculator to place stops precisely below key support zones.

⚡ Can I use RS Outperformance for options trading?
Absolutely. High-RS stocks are ideal for buying calls or bull spreads when they break out of consolidation. Low-RS stocks are candidates for put buying or bear spreads. Compute your options fair values using the Indian Stock Option Calculator.

💰 How do brokerage and STT costs affect RS-based trading profits?
Active RS rotation strategies involve frequent trades. Brokerage, STT, and exchange transaction charges can eat into profits significantly. Always run your expected P&L through the Indian Stock Brokerage Calculator before committing capital.

🛡️ How does RS analysis help in portfolio risk management?
Rotating into high-RS stocks and out of low-RS stocks keeps your portfolio aligned with market leaders, naturally reducing drawdowns. Track your portfolio’s compounded annual returns from such rotation using the Stock Market Rate of Return Calculator.

📈 What is the difference between RS and RSI?
RS (Relative Strength) compares a stock to the benchmark index — it’s a relative comparison. RSI (Relative Strength Index) is a momentum oscillator comparing a stock to its own past performance on a scale of 0 to 100. Both are complementary. For intraday momentum setups that combine both concepts, use the Open High Open Low Stock Screener.

💎 How does this RS Scanner work for long-term investing?
For long-term investors, consistently buying stocks with rising RS and holding until RS starts falling creates a momentum-tilted portfolio. Combine this with intrinsic valuation checks using our DCF Calculator for Indian Stocks to ensure you’re buying quality at fair prices.

💸 How do capital gains taxes apply to RS momentum trading profits?
Short-term gains from RS-based trades held under 1 year are taxed at 20% STCG in India. Gains from stocks held over 1 year are taxed at 12.5% LTCG above Rs 1.25 lakh. Estimate your tax liability using the Indian Stock Market Tax Calculator.