OPEN-SOURCE SCRIPT
Thirdeyechart index weekly 3
Index Weekly – Version 3 (Advanced Multi-Index Strength Scanner)
Index Weekly Version 3 is an advanced strength-tracking tool designed to read the market from a higher institutional perspective. This version focuses on weekly momentum, allowing traders to understand the true underlying flow behind major global indices. Instead of looking at isolated charts, this tool aggregates movements across multiple indices to reveal where strength and weakness are building on a weekly scale.
The indicator calculates percentage change for each index using a simple but precise formula:
((close – open) / open) * 100
This captures real momentum and filters out intraday noise. All values are displayed in a clean table, allowing traders to instantly see which index is gaining strength and which is losing traction.
Version 3 enhances clarity by improving layout, tightening spacing, and adding stronger visual color cues for positive and negative flows. The weekly timeframe provides a broader, more reliable view—ideal for swing traders, position traders, and anyone who wants to understand the market’s long-term direction.
This tool is especially effective when combined with technical analysis, as it shows the global pressure behind the charts. If technicals show a setup but the weekly index flow disagrees, the trade is weak. When both align, the trade becomes solid.
Disclaimer
This indicator is for educational and analytical purposes only. It does not provide financial advice or trade signals. Markets carry risk and users are responsible for their own decisions.
© 2025 Thirdeyechart. All rights reserved.
Index Weekly Version 3 is an advanced strength-tracking tool designed to read the market from a higher institutional perspective. This version focuses on weekly momentum, allowing traders to understand the true underlying flow behind major global indices. Instead of looking at isolated charts, this tool aggregates movements across multiple indices to reveal where strength and weakness are building on a weekly scale.
The indicator calculates percentage change for each index using a simple but precise formula:
((close – open) / open) * 100
This captures real momentum and filters out intraday noise. All values are displayed in a clean table, allowing traders to instantly see which index is gaining strength and which is losing traction.
Version 3 enhances clarity by improving layout, tightening spacing, and adding stronger visual color cues for positive and negative flows. The weekly timeframe provides a broader, more reliable view—ideal for swing traders, position traders, and anyone who wants to understand the market’s long-term direction.
This tool is especially effective when combined with technical analysis, as it shows the global pressure behind the charts. If technicals show a setup but the weekly index flow disagrees, the trade is weak. When both align, the trade becomes solid.
Disclaimer
This indicator is for educational and analytical purposes only. It does not provide financial advice or trade signals. Markets carry risk and users are responsible for their own decisions.
© 2025 Thirdeyechart. All rights reserved.
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.