Octane Procedurals
The Procedural textures are a category of textures used to generate patterns that can be used by themselves or in combination with the Mapping and Color textures to create common surface effects. This is a memory-efficient way to generate patterns, as the calculations require less memory than loading bitmap images. Procedurals can create rock and marble surfaces, checkered or wooden textures, bump maps, and other advanced materials with minimal impact on GPU memory.
It is useful to explore creating materials using these textures before resorting to image-based textures.
Procedural Nodes

The current list of available Procedural Textures for use with OctaneRender for LightWave include:
Using LightWave Procedurals with Octane Render for LightWave
Octane Render for LightWave will allow the use of Native Procedurals. The following video details this process: