Every AMD hourly candle is quietly carrying a second number that never once shows up on the price axis.
It isn't the RSI everyone already has memorized.
It isn't a support or resistance level someone drew by hand.
It's a single number between 0 and -100, built from where the most recent close actually sits inside its own recent range, and one specific trader decided decades ago to flip the whole scale upside down on purpose.
That inversion wasn't an accident. He wanted it to stand out from every other oscillator on the chart, and it still does.
This isn't a lagging trend line you have to wait on.
It doesn't care what AMD did on any single hourly candle by itself.
It's one number, two threshold lines, and the exact hourly candle where it crosses back through one of them, on AMD specifically, is the entire idea.
Not a feeling. Not eyeballing a squiggly line for an hour. One number, one cross, marked with a small triangle sitting right where it happened.
What that number is actually built from, the classic levels behind it, and the 9 exact steps to get it live on your own AMD chart in the next few minutes, are all laid out below.
Nothing here is a promise about what happens after that cross. That part is still on you. But the moment itself, the one almost nobody has their chart set up to actually catch, is $7 and about 2 minutes away.
A Trading Habits Indicator
Williams %R 14
Larry Williams' classic 14-period Williams %R with his own -20 / -80 overbought/oversold levels, coded for TradingView and tuned for AMD on 1-hour candles.
- Includes A TradingView Indicator, plus an 8-page cheat sheet PDF
- Author TradingHabits.com
- Format Instant download, delivered right after checkout
- Covers What Williams %R measures, the standard 14 / -20 / -80 convention and where it comes from, how to read the signals, and exact numbered install steps for TradingView
This is a standard, documented indicator, coded clean and tested live on a real chart before it shipped.
What's Inside
20 Things This Cheat Sheet Actually Says
- 01This tool doesn't read price on a normal scale. It flips the numbers upside down on purpose, a choice one specific trader made decades ago and never really explained beyond wanting it to stand out, so that you're seeing the market through a genuinely different lens than most other momentum tools.Page 2
- 02A single number between 0 and -100 tells you exactly where the current price sits inside its own recent range, no more, no less, so that you get one clean read instead of juggling a handful of separate levels.Page 2
- 03There are two completely different events hiding in this indicator, and they're exact mirror images of each other, one for the top of the range and one for the bottom, so that the same script reads both directions without needing a second tool.Page 2
- 04The lookback window baked into this script isn't some round number picked for convenience. It's the exact same length the tool's own creator used when he first published it, so that you're starting from the original recipe, not a modern guess at it.Page 3
- 05Two threshold lines are hardcoded into this build, and neither one was invented for this product. Both trace directly back to the same source as the lookback length itself.Page 3
- 06The person who built this indicator left behind a specific warning about what it means when the reading gets pinned near an extreme during a strong run, and that exact nuance is spelled out here instead of glossed over.Page 3
- 07A full parameter table sits right in this cheat sheet spelling out the lookback, both threshold levels, and the exact scale this thing runs on, so that nothing about the setup is left for you to guess at.Page 3
- 08One specific high-beta semiconductor name was chosen for this build over calmer, less volatile stocks, and it comes down to how sharply that name tends to swing, so that the tool has real momentum extremes to actually catch.Page 4
- 09The timeframe behind this build covers almost exactly two full trading days' worth of price history in a single lookback window, so that the read stays wide enough to filter noise without losing responsiveness inside the current week.Page 4
- 10This exact combination of stock and timeframe was picked to fit a very particular trading horizon, somewhere between a scalper's minute chart and a swing trader's daily one, so that the settings actually match how that stock tends to get traded.Page 4
- 11There's only one line on this chart, sitting in its own separate pane below price, so that it never gets tangled up visually with the candles themselves.Page 5
- 12Two dashed reference lines and a lightly shaded zone between them show you exactly where the tool considers the extremes to be, so that you don't have to remember the two numbers yourself every time you glance at the chart.Page 5
- 13Two small triangle markers appear on this chart, and each one means something very different about which side just took over, so that you're never confusing a bottom-of-range read for a top-of-range one.Page 5
- 14Nine plain steps are all that stand between you and having this exact setup live on your own chart tonight, so that you're not stuck untangling code just to see it work.Page 6
- 15This exact script was pasted into a real, live chart and proven to compile clean before it ever got packaged, and that proof ships with it, so that you're not the one discovering a hidden error the day you actually need it.Page 6
- 16This line can sit glued to one extreme for a long stretch during a genuinely strong run, and the cheat sheet says so plainly instead of pretending every extreme reading means the same thing, so that you don't mistake a strong trend for an imminent reversal.Page 7
- 17In one kind of market session, this line can cross both of its reference levels several times in a short stretch, and that's explained honestly as expected behavior, not a flaw, so that repeated signals don't shake your confidence in the tool.Page 7
- 18This build was tested against one specific stock on one specific timeframe, and the cheat sheet says so directly instead of implying it works everywhere untested, so that you know exactly what ground it's actually been proven on.Page 7
- 19Every number used in this build traces back to a real, citable source about how this exact tool is traditionally applied, not a made-up figure dressed up to sound authoritative, so that you can check the claim yourself before you trust it.Page 8
- 20There's one thing this line will never manage for you, no matter how you configure it, and it's spelled out before you ever install it, so that you know exactly where its job ends and your own risk decisions begin.Page 7
HABITS
★
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