Daily Separator Lines for MT5 Charts
Info
The Daily Separator Lines for MT5 Charts is a Indicator for MetaTrader 4 that this indicator draws vertical lines on your chart to visually separate each new trading day. The lines appear at the start of each day, acting as clear period separators.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Daily Separator Lines for MT5 Charts
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator draws vertical lines on your chart to visually separate each new trading day.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: multi-timeframe indicator: daily, 4-hour, and 1-hour bars - another powerful indicator for MetaTrader 4 traders.
This indicator draws vertical lines on your chart to visually separate each new trading day. The lines appear at the start of each day, acting as clear period separators.Also recommended: average daily range indicator - similar indicator with strong performance on MetaTrader 4.
Above each daily line, you can see the day of the week when the trading day begins. The appearance of these lines is customizable; you can choose between dotted, solid, or dashed styles, and also set their width. The text indicating the day of the week can be positioned at a pixel offset from the price maximum, as specified by you.
The indicator automatically adjusts the lines whenever you change the chart, ensuring the visual output remains consistent. You can also set a different color for the first day of the week, which helps in easily identifying weekly separators.
This implementation utilizes the `OnTimer()` function for its operations, offering an alternative to `OnChartEvent()` as seen in some other MQL5 code examples.
We hope you find this tool beneficial for your trading analysis. The tool was updated in 2026.
You may also like: daily pivot indicator - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
#property indicator_chart_window
input int maxbarstolookbackforseparators=0;
input string looktoallbars="input 0";
input color sunday = red;
input color monday = blue;
input color tuesday= blue;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.