Denominator choice in RS?

[Naresh Kanani-1776919959548]

Hi Fellow traders, PnF expert, Definedge experts,

I am relatively new to Definedge & PnF and I am intending to draw to PnF mainly from Relative Strength pov.
While it is great to have lot of indices to choose from, i want to establish a more process oriented approach.
I need some guidance in choosing the right denominator in RS which i can compare stocks and index to.

Initially i thought about Nifty 500 Equal weight but on some contemplation i realised its more of indicator of breadth rather than Relative Strength.

Then i switched to Segments - MicroCap 250, Small cap 250, Midcap 150, Nifty 50, Nifty Next 50.
Counter question are individual segments too tight (may not cover all sectors) to compare to? What about market capitalization effect on indices?

Do i choose which is best performing one at 0.25%/0.5%? (RS Matrix chart - RS Performance score) and keep on rotating?

Can someone experienced help me understand which one to use and more importantly why?