MT5 Range Divider

A lightweight MetaTrader 5 chart utility for dividing a manually selected price range into equal horizontal sections.

MT5 Range Divider is a simple and practical chart tool designed for traders who need to quickly divide a price range into 2 or 4 equal sections.

Select two price levels directly on the chart, choose the desired number of sections, and the tool automatically creates the corresponding horizontal levels.

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✨ Features

• 📏 Select two price levels directly from the chart
• 2-section mode
• 4-section mode
• 📐 Automatic calculation of equal price intervals
• ➖ Uses native MetaTrader 5 horizontal lines
• 🔢 Supports multiple independent ranges on the same chart
• 🎯 Price-based selection — chart time is irrelevant
• 🖱️ Draggable control panel
• ▶️ Enable / Disable selection mode
• 🧹 Clear only the objects created by this tool
• 💾 Ranges remain available when changing timeframes
• 🛡️ Handles symbol tick size and price precision
• ⚡ Lightweight with no external dependencies

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📊 How It Works

2 Sections

Select two price levels:

Upper Price
──────────────

     50%
──────────────

Lower Price

The tool creates:

• 2 boundary levels
• 1 middle divider

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4 Sections

Select two price levels:

Upper Price
──────────────

     75%
──────────────

     50%
──────────────

     25%
──────────────

Lower Price

The tool creates:

• 2 boundary levels
• 3 equally spaced dividers

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🖱️ Usage

1. Enable Selection

Click:

ENABLE

The tool is now waiting for your first price selection.

2. Select Point 1

Click anywhere on the chart at your desired price level.

3. Select Point 2

Click a second price level.

The two selected prices define your range.

4. Choose the Division

Select either:

2 Sections

or

4 Sections

5. Create

Click:

CREATE

The tool will create the horizontal levels automatically.

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🔁 Multiple Ranges

You can create multiple independent ranges on the same chart.

For example:

Range #3
──────────────
      │
──────────────
      │
──────────────

Range #2
──────────────
      │
──────────────
      │
──────────────

Range #1
──────────────
      │
──────────────

Existing ranges are not modified when a new range is created.

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🧹 Clear All

The Clear All button removes only the chart objects created by MT5 Range Divider.

Other objects and drawings on your chart remain untouched.

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⚙️ Requirements

• MetaTrader 5
• Windows
• No external libraries or dependencies

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📦 Installation

1. Download the latest .ex5 file from the repository's Releases section.
2. Open MetaTrader 5.
3. Go to:

File → Open Data Folder

4. Navigate to:

MQL5 → Indicators

5. Copy:

MT5RangeDivider.ex5

into the Indicators folder.

6. Restart MetaTrader 5 or refresh the Navigator.
7. Open:

Navigator → Indicators

8. Attach MT5 Range Divider to your chart.

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🧠 Design Philosophy

MT5 Range Divider is intentionally designed to remain:

• Simple
• Fast
• Non-invasive
• Trader-controlled

The tool does not analyze the market, generate signals, or modify trading positions.

It simply helps traders convert a manually selected price range into precise horizontal levels.

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🔒 Source Code

The compiled .ex5 file is provided for end users.

The original MQL5 source code (.mq5) is not included in the public distribution.

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🛠️ Project Structure

mt5-range-divider/
│
├── MT5RangeDivider.ex5
├── README.md
├── LICENSE

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📌 Example Use Cases

MT5 Range Divider can be useful for:

• Price-range analysis
• Intraday market mapping
• Support & resistance planning
• Session range analysis
• Manual trade preparation
• Measuring equal price intervals
• Creating structured chart levels

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📄 License

This project is licensed under the MIT License.

See the LICENSE file for details.

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⭐ Support

If you find MT5 Range Divider useful, consider giving the repository a ⭐ on GitHub.

Issues, suggestions, and feature requests are welcome.