The invention relates to a pulsed abrasive flow polishing device and method, and provides a pulse generating device which can generate four different pressure forms. Different tooth forms and tooth spacings are designed, and different mechanical structures are used for generating stable sinusoidal pressure wave, triangular pressure wave, trapezoidal pressure wave and standard sine-cosine pressurewave, so that the effect of increasing the fluid turbulent kinetic energy is achieved, the uniform machining effect is achieved, additionally, different pressure forms are selected according to different material hardness and high-temperature oxidation effects during machining, the characteristics of different kinds of pressure wave are exerted, and the machining effects of high efficiency and economy are achieved.