3rd Candle Coach – VWAP/ORB Tool

3rd Candle Coach, VWAP and ORB Logic Script

This script helps you spot clean setups by checking your key conditions at the same time. It shows a simple pass or fail for each piece and prints a signal only when everything agrees.

What this script checks:

1. **3 Candle Breakouts from VWAP, Volume Weighted Average Price, or ORB, Opening Range Breakout**

* Needs two full candles above or below VWAP or ORB
* Third candle must follow in the same direction
* Marks the setup once all three confirm

2. **Trend Using EMAs, Exponential Moving Averages (9 and 21)**

* Shows if the fast EMA is above or below the slow EMA
* Can confirm if the EMAs support the trade direction

3. **Momentum Using RSI, Relative Strength Index, and MACD, Moving Average Convergence Divergence**

* RSI must clear your level for longs or shorts
* MACD must agree with the direction

4. **Volume Check, Simple and Relative Volume Comparison**

* Compares current volume to a volume moving average
* Can check relative volume for strength

5. **Higher Timeframe Trend Using HTF EMA, Higher Timeframe Exponential Moving Average**

* Shows larger trend direction for bias

6. **Session Timing Filter, Session Based Signal Control**

* Lets signals fire only inside your chosen session window

7. **ATR Extension Check, Average True Range Distance from VWAP or ORB**

* Measures how far price has stretched from VWAP or ORB using ATR units
* Blocks signals when the move is too extended

8. **Long and Short Signal Markers, Directional Trade Alerts**

* Prints a long marker when all enabled conditions pass
* Prints a short marker when all enabled conditions pass

9. **Condition Breakdown Panel, Real Time Pass or Fail Table**

* Shows pass or fail for trend, RSI, MACD, volume, relative volume, higher timeframe bias, session, and extension

10. **Explanation Labels, Signal Reasoning Summary**

* When a signal fires, a label shows which conditions triggered it

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This script gives you a clean checklist and one clear signal only when everything lines up. It helps you see the setup form step by step and keeps your chart easy to read.
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note:
I built this to help you spot when indicators actually agree. It is mainly a training script. Alerts on the one minute fire a lot, so turn them off or use a five minute chart. You can turn almost everything off to keep it as simple or strict as you want.