Williams %R and Stochastic difference?

Hi to all of you.I was googled for my question and checked Investopedia too,but after reading a lot of material I still can not give myself an answer-what is the difference between Williams %R and Stochastic indicator.Both provide signals for buy/sell and both say the overbought and oversold in a range market and that it will change soon in some trend.If you can help me to make the difference I will apreciate it.
Thank you that you read my post

Hi fena!
Williams %R and Stochastics are two very similar indicators that both indicate overbought or oversold market conditions, but on a slightly different scale. Stochs range from 0 to 100, whereas %R ranges from -100 to 0. The formulas for calculating these indicators are as follows:

C = the most recent closing price
L14 = the low of the 14 previous trading sessions
H14 = the highest price traded during the same 14-day period
(the period can be changed from 14 for more sensitive or smoother results)

Stochastic Oscillator
%K = 100[(C - L14)/(H14 - L14)]

Williams %R
%R = -100[(H14 - C)/(H14 - L14)]

I hope this answers your question!

tyler

All oscillator style indicators are based on some type of recent range calculation, as such, they all supply pretty much the same information.
One is not going to have any huge advantage over another.

thank you both of you.I understood now the difference is not so big,even it is the same so I think that Stochastic is more famouse for using,or may be i am wrong.