MomentumMap — Relative Strength Visual Quadrant (RRG-Inspired)

🔍 What is MomentumMap?

MomentumMap brings the concept of Relative Rotation Graphs (RRG) directly to your chart.
It helps you instantly see whether a symbol is leading, improving, weakening, or lagging — without scanning dozens of charts.

Unlike traditional RS indicators, this tool plots RS Ratio and RS Momentum together, classifying the current condition into clear quadrants.

🧩 Quadrant Logic
Zone Conditions Market Behavior
🟢 Power Zone RS > 1, Momentum > 0 Strong, leading, expanding trend
🟡 Drift Zone RS > 1, Momentum < 0 Cooling off after leadership
🔵 Lift Zone RS < 1, Momentum > 0 Early signs of strength emerging
🔴 Dead Zone RS < 1, Momentum < 0 Weak and lagging phase

Each bar’s background color reflects the active zone — giving instant visual feedback on rotation strength.

⚙️ Key Features
Benchmark-based RS Ratio & RS Momentum mapping
Auto-classified quadrant display with live background coloring
Optional Power Zone alert (with volume confirmation)
Adjustable RS smoothing and momentum periods
Works on all instruments and timeframes

💡 How to Use
Apply the indicator to any chart.
Choose your benchmark symbol (default: NSE:CNX500).
Observe the color-coded zones to assess strength rotation.
Use transitions between zones to identify:

New leadership → 🟢 Power Zone

Early rotation → 🔵 Lift Zone

Loss of strength → 🟡 Drift Zone

Weak performers → 🔴 Dead Zone

⚠️ Notes & Disclaimer
MomentumMap is an analytical visualization tool, not a buy/sell signal generator.
Choose benchmarks and timeframes that match your trading universe.
The script does not repaint and uses only confirmed bar data.
Past quadrant behavior does not guarantee future results.
Complies with TradingView’s open-source and originality guidelines.

📚 Credits
Concept inspired by Julius de Kempenaer’s RRG framework
Implementation and logic developed independently by Paritosh Gupta