A torque sensing system which includes a torque sensor capable of wirelessly communicating torque and misalignment data to a smartphone or a tablet using a protocol such as Wi-Fi or Bluetooth technology, and wirelessly communicating commands from the smartphone or table back to the torque sensor. The torque sensor electronics include an rf coil for taking power off of a stationary housing to a rotary shaft and one or more accelerometers for indicating misalignments.