Chaikin Money Flow Divergence Indicator for MetaTrader 4 - Free - MT4/MT5 Resource

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

The Chaikin Money Flow Divergence Indicator is a practical tool for technical analysis that combines the strength of money flows with divergence signals.

This MetaTrader 4 oscillator is an advanced version of the Chaikin Money Flow (CMF) indicator , which not only assesses buying and selling pressure but also detects divergences between price and liquidity , generating trading signals .

CMF Divergence Indicator Specifications

The main features of CMF divergent oscillator are summarized in the following table:

Indicator Overview

The CMF divergence indicator fluctuates between -1 and +1 , making it useful for trend confirmation and identifying trading signals :

• Positive Divergence: When price forms lower lows but CMF makes higher lows , it signals selling pressure decreases , increasing the likelihood of a bullish reversal . On the chart, this divergence is represented by the blue line
• Negative Divergence: When price forms higher highs but CMF records lower highs , it signals buying pressure weakens and a correction or bearish trend shift becomes more likely . This difference is represented by pink line on the chart

Indicators are in an upward trend

In the AUD/CHF uptrend , after confirming positive divergence , the price starts rising , and the indicator generates a buy signal .

If the CMF crosses above the zero line , this further strengthens the validity of the trend .

Indicators are in a downward trend

In the AUD/CAD 1 hour chart , after detecting a divergence between price and the CMF oscillator , the indicator issues a sell signal .

When the CMF line crosses below zero , the bearish trend becomes more reliable .

CMF Divergence Indicator Settings

The settings panel for the CMF divergence indicator is shown below:

• CMF Periods: CMF calculation period
• Type Of Volumes: The indicator’s volume calculation type
• Number of candles used for pivot calculation: Number of candles used for pivot calculation
• Maximum distance between two pivots: Maximum distance between two pivots
• Minimum distance between two pivots: Minimum distance between pivots
• Number of divergences from pivot: The number of divergences detected from the pivot
• Number of CCI breakout lines: Number of CCI line breaks
• Shift: Price shift value
• Sell ​​Divergence: color of sell divergence signal
• Buy Divergence: Color of buy divergence signal
• Width: Line thickness

Conclusion

The Chaikin Money Flow Divergence Indicator is an advanced hybrid trading tool that not only analyzes market liquidity but also detects differences between price and money flow , generating trading signals .

This MetaTrader 4 trading tool is used to confirm trend direction and identify the best entry and exit points across various markets such as Forex .