Chaikin Money Flow Divergence Indicator for MetaTrader 5 - Free

The Chaikin Money Flow 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 divergences affecting price movements and provides trading signals.

CMF Divergence Indicator Specifications

The key features of the CMF Divergence Oscillator are summarized in the table below:

Indicator in an Uptrend

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

A CMF crossover above the zero line can further increase the signal’s reliability.

Indicator in a Downtrend

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

A CMF crossover below the zero line can provide stronger confirmation for entering a trade.

CMF Divergence Indicator Settings

The settings panel for the CMF Divergence Indicator is displayed in the image below:

• CMF Periods: Calculation period for CMF
• Type Of Volumes: Volume calculation method for the indicator
• Number of candles for Pivots 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: Number of divergences detected from a pivot
• Number of CCI that break the line: Number of CCI line breaks
• Shift: Price shift value
• Sell Divergence: Color of the sell divergence signal
• Buy Divergence: Color of the buy divergence signal
• Width: Line thickness

Conclusion

The Chaikin Money Flow Divergence Indicator is a valuable tool for market analysis, evaluating liquidity flow and price divergences.

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