A system for measuring torque while cycling can be retrofitted to an existing crankset. A sensor member is placed in between a chainring and crank arm, interconnecting the two. At least one strain gage is placed on the sensor, and is connected with known resistors to form a bridge circuit, specifically a Wheatstone bridge. An electronic package including a battery, strain signal amplifier, an analog-to-digital signal converter, a microprocessor, and a wireless transmitter allows the strain of the strain gages to be measured and converted to a torque value. The torque value can then be wirelessly transmitted to a receiver on a display, itself mounted to the bicycle. Different types and arrangements of strain gages can be used to measure tension, compression, and shearing of the sensor member, providing inputs and a more accurate torque reading. The sensor member can be a unitary body or split into individual sensor members.