Indicator Overview

The MSTR vs. BTC Relative Performance Ratio (RPR) indicator measures MSTR’s performance relative to Bitcoin by normalising price changes from a dynamic starting point and applying user-selectable smoothing (SMA or EMA over 5–20 days). The resulting ratio line is coloured on a dual gradient, red shades intensifying above 1.0 (MSTR outperformance) and orange shades intensifying below 1.0 (BTC outperformance), with filled area anchored to the parity line (1.0) for visual emphasis on leadership shifts between Bitcoin and this payment-focused asset.

How To Use

Values significantly above 1.0 signal MSTR strength and outperformance, leading to capital rotation out of Bitcoin into MSTR, while values markedly below 1.0 indicate Bitcoin dominance, typically during risk-off periods or when MSTR faces sentiment headwinds.