Octopus Oscillator

Octopus Oscillator - Advanced Multi-Indicator for TradingView

The Octopus Oscillator is a sophisticated technical analysis tool that combines the power of MACD and OBV-ADX indicators into one comprehensive oscillator. Designed for traders seeking clean, professional signals without visual clutter.

🎯 KEY FEATURES:

Dual Analysis System:

MACD Component: Classic Moving Average Convergence Divergence with thin, clean lines

OBV-ADX Component: Advanced volume-based directional movement analysis

Clean Visual Design:

Slim, elegant lines for optimal chart clarity

Prominent DI Difference histogram for momentum visualization

No distracting arrows or unnecessary plot markers

Professional color scheme with blue MACD and red Signal lines

Flexible Display Options:

Toggle MACD display on/off

Switch between ADX line view and DI Difference histogram

Adjustable background highlights for strong trend signals

Customizable parameters for all components

📊 INDICATOR COMPONENTS:

MACD Section:

Fast and slow EMA comparison for momentum analysis

Clean crossover signals without histogram clutter

Customizable periods and moving average types

OBV-ADX Section:

On-Balance Volume (OBV) based Directional Indicators

ADX smoothing for trend strength measurement

DI Difference histogram showing momentum direction

Background highlights for strong trend conditions

⚙️ CUSTOMIZATION:

Adjustable MACD fast/slow lengths and smoothing

Customizable DI Length and ADX smoothing periods

Multiple MA type options (SMA/EMA)

Toggle individual components on/off

Perfect for traders who want combined momentum and volume analysis in one clean, professional package. The Octopus Oscillator helps identify trend strength, momentum shifts, and potential trading opportunities with exceptional clarity.

Add to your TradingView chart today and enhance your technical analysis!