Thought we had an older thread discussing this an showing a half dozen different home made tools to reproduce the look. Remember (often missed) that along with the weld there is normally (they will stand out if all the fake welds are smooth and straight in a row) the buckling and bending of the two panels that took place after the weld was applied and the worker jerked or tried to jerk the welder from that spot to the next
I did the pencil eraser trick maybe 30 years ago but more recently use multiple depth locking pliers (Vise grips) where I've welded a post the diameter of a spot weld to one jaw and a female receiver (basically a larger holed nut) to the other jaw. Squeeze, rotate multiple times and then twist and it provides a pretty nice reproduction of panels two panels thick.
Three panels are a bit more difficult and if your doing rocker to floor pinch welds it depends on where the car was built and when since there are some other features that make the whole task difficult if not impossible IMHO to reproduce
A use fo the search feature here on the site would have turned up this prior thread
Best Way to replicate factory spot welds? from 2013
http://www.concoursmustang.com/forum/index.php?topic=5772.msg32350#msg32350The Boss thread about the same subject linked in that thread shows a number of home made or modified tools that might be useful