Momentumdraws in its own pane

The stochastic upside-down: 0 to −100, with −80/−20 as the classic zones. Same information, the scale traders who learned on it expect.

On this chart: 14 periods.

Williams %R measures where the close sits relative to the highest high of the last 14 bars: 0 means closing at that high, −100 at the low. Mathematically it is the raw stochastic flipped — the chart keeps it on its native scale because the −20/−80 levels are what people quote.

Below −80, the stock is closing near the floor of its recent range; above −20, near the ceiling. Because it uses the raw range position without smoothing, it leads the smoothed stochastic by a bar or two and jitters more for it.

Functionally interchangeable with the stochastic for wheel purposes — pick whichever scale you read fluently. Its slight speed advantage matters most on weekly-expiry decisions where a bar or two is a meaningful share of the trade.

Like everything in this guide, these are descriptions of conditions and reference levels — context for your own decisions, not instructions to trade.