CCI Divergence Oscillator for MetaTrader 5 – Free Download – [TFlab] – MT4/MT5 Resources

On June 22, 2025, in version 2, the indicator added alert/notification functionality

The CCI Divergence Indicator for MetaTrader 5 is designed to identify price divergences and analyze overbought and oversold conditions .

This MT5 trading assist analyzes Commodity Channel Index (CCI) volatility , allowing traders to detect early trend changes and potential price reversal points .

This indicator highlights bullish and bearish divergences , with bullish divergences marked by a pink line and bearish divergences marked by a yellow line .

CCI Divergent Oscillator Specifications

The following table summarizes the specifications of this indicator:

Indicator Overview

A key feature of this tool is the combination of divergence lines with overbought and oversold areas , which helps traders quickly identify potential trend reversals :

• CCI above +100: Indicates an overbought condition , suggesting a possible price correction or bearish trend reversal .
• CCI below -100: Indicates an oversold condition , signaling excessive selling pressure and an increased likelihood of a bullish reversal .

Indicators are in an upward trend

The CCI Divergence Indicator detects price divergence on the 1 hour EUR/USD chart , marks it with a pink line , and generates a buy signal .

If CCI falls below -100 , the signal strengthens, indicating a higher likelihood of a price reversal .

Indicators are in a downward trend

Prices are trending downward on the GBP/USD chart , and entering the overbought zone indicates weakening buyer strength .

Under these conditions, bearish divergence is detected and the indicator generates a sell signal , marked with a yellow line .

CCI Divergence Indicator Settings

The settings panel for this MetaTrader 5 trading tool is shown below:

• CCI Period: Define the calculation period of CCI
• Number of candles used for pivot calculation: Specifies the number of candles used for pivot calculation
• Maximum distance between two pivots: Sets the maximum allowed distance between two pivots
• Minimum distance between two pivots: Defines the minimum distance between pivots
• Number of divergences from pivot: Determines the number of divergences identified from the pivot
• CCI number for breakout line: specifies the number of CCI breaks required to confirm the divergence
• Shift: adjust price offset value
• Sell ​​Divergence: Color settings for bearish divergence signals
• Buy Divergence: Color settings for bullish divergence signals
• Width: adjust the thickness of the divergent line

Conclusion

The CCI Divergence Indicator for MetaTrader 5 is a specialized tool for analyzing price differences and detecting overbought and oversold conditions .

This indicator allows traders to examine trend changes and potential price reversal points using CCI levels.

In this MT5 oscillator , critical CCI levels (+100 and -100) indicate price fluctuations , providing deeper insights into supply and demand imbalances .