arXiv:2607.03666v2 Announce Type: replace-cross Abstract: Traditional emotional voice conversion (EVC) conditions generation on explicit target emotions like labels or references, defining the target affective state but omitting the direction or nature of the transition. We introduce instruction-guided relative emotional voice conversion, a task where natural-language instructions specify source-conditioned affective transformations (e.g., "make the speech slightly calmer" or "sound noticeably more confident") instead of fixed targets. To support this task, we construct TRACE-Instruct, a dataset of relative emotion instructions covering categorical transitions, intensity modifications, and open-ended affective changes. We propose TRACE-EVC, a framework built around Emo-Compass, a module that models each conversion as a source-anchored rectified flow. Rather than conditioning on an explicit target, it predicts the direction and degree of the affective change. Experiments demonstrate that TRACE-EVC accurately follows relative emotion instructions while preserving speaker identity, linguistic content, and speech quality, generalizes to unseen speakers, and remains competitive with conventional EVC systems on standard categorical emotion conversion.