Octopus Indicator

🐙 Octopus Indicator - Technical Analysis Description
Overview
The Octopus Indicator is a comprehensive TradingView technical analysis tool that combines multiple trading methodologies into a single, powerful script. It provides a complete market analysis framework through seven integrated components.

🔧 Core Components:
1. Moving Averages with Clouds
EMA 25, 50, 75, and 150 with standard deviation bands

Visual clouds representing volatility around each EMA

Customizable colors for each average and its cloud

2. Dual Hull Bands
Two separate Hull bands with different periods (20 and 110)

Multiple variations: HMA, THMA, EHMA

Colored filling between Hull lines

Option to use higher timeframes for multi-timeframe analysis

3. Swing High/Low Detector
Identifies significant price reversal points

Configurable swing strength (default: 5 bars)

Solid lines for current swings and dotted for past ones

Alerts when swing levels are broken

4. Volume Analysis (PVSRA)
Vector Candles that change color based on volume:

Red/Green: Volume ≥ 200% of average or highest spread×volume

Blue/Violet: Volume ≥ 150% of average

Gray: Normal conditions

Vector Candle Zones (VCZ): Key areas based on volume candles

5. Daily & Weekly Levels
Previous day's high and low

Previous week's high and low

Stepline display with optional labels

6. UT Bot - Trailing Stop
Dynamic ATR-based stop loss

Bar coloring based on trend direction

Adjustable sensitivity via "Key Value"

7. Session Detector
Identifies session highs/lows (Sydney, Asia, Europe, etc.)

Visual boxes marking each trading session

⚙️ Customization Features:
Individual color schemes for all elements

Adjustable line thickness

Custom transparency settings

Flexible calculation periods

Multiple timeframe options

🎯 Trading Applications:
Trend Identification (EMAs + Hull)

Entry/Exit Points (Swings + Volume)

Risk Management (Trailing Stop)

Support/Resistance (VCZ + Highs/Lows)

Market Timing (Sessions + Volume)

💡 Key Benefits:
All-in-One Solution: Eliminates indicator clutter

Multi-Timeframe Analysis: Built-in higher timeframe data

Visual Clarity: Clean, organized display with color coding

Customizable Alerts: Swing break and trend change notifications

Professional Grade: Institutional-level volume analysis

This indicator is designed for traders who want a comprehensive market analysis tool without the complexity of managing multiple separate indicators, providing holistic market insight through different technical perspectives.