OPEN-SOURCE SCRIPT
Weekly Trend Eligibility Panel
Weekly Trend Eligibility Panel
Weekly Trend Eligibility Panel is a read-only, context-first indicator designed to answer a simple but critical question:
“Is this stock structurally ready right now — or is the timing wrong?”
Many traders focus on what stock to watch. This tool focuses on when conditions are aligned.
What this indicator does
Evaluates a weekly-first set of trend and quality conditions
Summarizes results in a single, easy-to-read panel
Helps distinguish between:
Strong stocks at the wrong time, and
Stocks where multiple structural conditions are aligned
The panel reports:
Eligibility status (Eligible / Not Eligible)
How many conditions passed (all are required for eligibility)
A brief failure summary when conditions are not met
Optional tags showing which criteria are in effect
What makes it unique
Unlike traditional indicators that plot signals or overlays on price, this script acts as an eligibility checkpoint:
No entries, exits, or buy/sell signals
No performance claims or predictions
No need to interpret multiple lines or oscillators
Instead, it consolidates several weekly-based structural checks into a single decision-support panel, making it easier to avoid forcing trades when conditions are incomplete.
This is especially useful when a stock looks “right” fundamentally or technically, but broader trend, structure, or participation conditions are not yet aligned.
Important notes
Indicator only — no trade execution
Educational and informational use only
All calculations use confirmed bar data
Weekly data is requested with lookahead disabled
Results vary by symbol, timeframe, and settings
Intended use
Use this tool as a watchlist filter or timing aid, alongside your own analysis and risk management process — not as a standalone decision system.
Weekly Trend Eligibility Panel is a read-only, context-first indicator designed to answer a simple but critical question:
“Is this stock structurally ready right now — or is the timing wrong?”
Many traders focus on what stock to watch. This tool focuses on when conditions are aligned.
What this indicator does
Evaluates a weekly-first set of trend and quality conditions
Summarizes results in a single, easy-to-read panel
Helps distinguish between:
Strong stocks at the wrong time, and
Stocks where multiple structural conditions are aligned
The panel reports:
Eligibility status (Eligible / Not Eligible)
How many conditions passed (all are required for eligibility)
A brief failure summary when conditions are not met
Optional tags showing which criteria are in effect
What makes it unique
Unlike traditional indicators that plot signals or overlays on price, this script acts as an eligibility checkpoint:
No entries, exits, or buy/sell signals
No performance claims or predictions
No need to interpret multiple lines or oscillators
Instead, it consolidates several weekly-based structural checks into a single decision-support panel, making it easier to avoid forcing trades when conditions are incomplete.
This is especially useful when a stock looks “right” fundamentally or technically, but broader trend, structure, or participation conditions are not yet aligned.
Important notes
Indicator only — no trade execution
Educational and informational use only
All calculations use confirmed bar data
Weekly data is requested with lookahead disabled
Results vary by symbol, timeframe, and settings
Intended use
Use this tool as a watchlist filter or timing aid, alongside your own analysis and risk management process — not as a standalone decision system.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.