Chaikin Money Flow Divergence Indicator for MetaTrader 5 - Free - MT4/MT5 Resource

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

The Chaikin Divergence Indicator evaluates liquidity and detects price divergences , making it a suitable tool for predicting potential trend changes .

This MetaTrader 5 Oscillator is an enhanced version of CMF that not only assesses market buying and selling pressure but also identifies differences that affect price movements and provides 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 strength analysis and identifying potential reversal points .

• Positive Divergence: Price forms when lower lows occur, but CMF makes higher lows , indicating less selling pressure and a higher likelihood of a bullish reversal . This difference is shown as blue line
• Negative Divergence: Higher highs occur when price forms, but CMF records lower highs , signaling buying pressure subsides and a correction or bearish trend shift is more likely . This difference is represented by the pink line

Indicators are in an upward trend

In the EUR/USD 1 hour uptrend , the indicator detected positive divergence and issues a buy signal .

A CMF crossing above the zero line can further improve the reliability of the signal .

Indicators are in a downward trend

In the GBP/USD downtrend , the indicator detects negative divergence between price and the CMF oscillator and issues a sell signal .

A CMF cross below the zero line can provide stronger entry confirmation .

CMF Divergence Indicator Settings

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

• CMF Periods: CMF calculation period
• Type Of Volumes: Indicator volume calculation method
• 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 a valuable tool for market analysis , evaluating liquidity flows and price differences .

This MetaTrader 5 trading tool not only analyzes the intensity of buying and selling pressure in the market, but also identifies differences affecting price movements across various markets, such as Forex , and provides trading signals .