Market / MetaTrader 5 / Utilities /

Magnet Draw MT5

FREE

Published: 26 November 2023

Current version: 2.0

Magnet Draw MT5

Name: Magnet Draw MT5
Rating: 4 (3 reviews)
Author: Phongwiroon Khompradit

Utilities
Phongwiroon Khompradit
Version: 2.0
Updated: 15 February 2025

Magnet Draw MT5 — Precise Drawing Tool with TradingView-Style Magnet Snap

Revolutionize your MetaTrader 5 charting experience with Magnet Draw MT5, a free utility that brings TradingView's precision magnet snap functionality right to MT5.

Perfect for traders who demand accuracy when marking ICT concepts, Smart Money Concepts (SMC), Fair Value Gaps (FVG), and advanced technical analysis.

When you're marking ICT concepts like Fair Value Gaps or Smart Money Concepts supply/demand zones, precision matters. The magnet snap ensures your technical analysis lines up perfectly with actual price levels, which means fewer drawing errors and more consistent analysis. It's especially useful when you're working on smaller timeframes where every pip counts.

Why Choose Magnet Draw MT5?

TradingView Precision: Magnet snap automatically aligns your drawings to the nearest price level, eliminating the guesswork and ensuring professional-grade accuracy.
ICT & SMC Ready: The indicator is designed for Institutional Concepts and Smart Money Concepts traders who need precise marking of supply/demand zones, FVGs, and key levels.
Multi-Concept Support: Ideal for Demand & Supply analysis, Fair Value Gap identification, Breakout trading, Trend Following, Reversal patterns, MTF analysis, Price Action, Support & Resistance zones, and Elliott Wave counting
6 Essential Drawing Tools: Vertical Line, Horizontal Line, Trend Line, Horizontal Ray (Angle Trend Line), Fibonacci Retracement, and Rectangle tools — all with magnet snap capability
Free Forever: No subscription and no hidden costs, just professional drawing precision at no cost.

Trading Applications:

For ICT/SMC Traders: Now, with the magnet snap, you will know exactly when Fair Value Gap highs and lows are formed. Your entry zones would exactly match institutional levels because the price aligns automatically while you draw supply/demand zones.

For breakout traders: draw trend lines and horizontal levels that snap exactly to key price points for better breakout confirmation and a reduced number of false signals.

For MTF Analysis: For better reliability in your multi-timeframe analysis, mark key levels across multiple timeframes with consistent precision.

Installation & Setup:

Download Magnet Draw MT5 from the MQL5 Market
Install directly to your MetaTrader 5 platform
Access from your chart's drawing tools menu
Start drawing with automatic magnet snap enabled

Input Parameters:

Threshold (px): Set distance in pixels for when magnet snap is activated; Default works for most traders
Crosshair color: Personalize your crosshair color for better visibility onto your chart theme.

Perfect For:

ICT traders that need accurate level marking
SMC practitioners analyzing Smart Money Concepts
Breakout and trend following traders
MTF analysts working across multiple timeframes
Price action traders who require exact support/resistance levels
Elliott Wave practitioners counting the waves correctly

Get Started: Download Magnet Draw MT5 today for free and unlock TradingView-level drawing precision right within your MetaTrader 5. No registration is required, just instant professional drawing tools at your fingertips.

FAQ:

Q: Can I adjust the magnet snap sensitivity?
A: Yes, use the Threshold (px) parameter to control how close your cursor needs to be for the magnet to activate.

Q: Will this slow down my MT5 platform?
A: No, Magnet Draw MT5 is lightweight and won't impact your platform's performance.

Q: Can I use this for automated trading?
A: This is a drawing utility for manual analysis — it doesn't execute trades but helps you mark levels more accurately.

Q: Is this really free forever?
A: Yes, absolutely no costs, subscriptions, or hidden fees — professional drawing precision at zero cost.

If Magnet Draw saves you time, please leave a short review in the Market.

Quick tips:

- Snap drawings to candle highs/lows or bodies with magnet on.
- Draw boxes and lines quickly; magnet helps anchor edges cleanly.
- Set magnet distance in pips in Inputs for precise offsets.

Feel free to request more features or report bugs.

more...

topbamboo Zoo 2025.05.02 03:37 #

Very neat! This is exactly the magnet draw tool I needed, Thank you for your work!

kenkkwok 2024.02.14 17:35 #

Very Nice tool, and easy to use!!! May I suggest this tools only magnet to the OHLC to the body & wick of the candle? Since I find it will also sensitive to others indicator too. That would be prefect once the above is added!!!

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Emulate TradingView drawing experience with magnet snap to the nearest price. Supported drawing tools: Vertical Line Horizontal Line Trend Line Horizontal Ray (Angle Trend Line) Fibonacci Retracement Rectangle Input: Threshold (px) : The distance in pixel unit to snap the crosshair to the nearest price. Crosshair color: The color of crosshair. Feel free to write the review, request more features or report bugs.

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Filter:

chenyuzhe 2025.11.14 04:22 #

User didn't leave any comment to the rating

4586

Reply from developer Phongwiroon Khompradit 2025.11.15 08:27 #

Can you explain what is not working?

120

Rania H 2025.10.25 13:53 #

User didn't leave any comment to the rating

4586

Reply from developer Phongwiroon Khompradit 2025.10.25 16:52 #

Glad to hear that!

topbamboo Zoo 2025.05.02 03:37 #

Very neat! This is exactly the magnet draw tool I needed, Thank you for your work!

4586

Reply from developer Phongwiroon Khompradit 2025.05.02 12:28 #

Great!

22487555 2025.04.01 03:09 #

User didn't leave any comment to the rating

4586

Reply from developer Phongwiroon Khompradit 2025.04.01 13:54 #

Thank you :)

190

demoforexproff 2024.12.04 13:01 #

User didn't leave any comment to the rating

4586

Reply from developer Phongwiroon Khompradit 2025.04.01 13:54 #

Fixed in V2.0

Anatoly Koshmanov 2024.10.17 10:29 #

It doesn't show the price of an instrument, I have one more app and this magnet conflicted with it so I had a chart above my table's app which was not convenient. I decided to delete this magnet and now I'm still struggling with the tag price of the levels bc even now, without the magnet, the levels don't show the tag price anymore

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Reply from developer Phongwiroon Khompradit 2025.04.12 12:07 #

Fixed in V2.0

agung santoso 2024.04.09 03:49 #

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4586

Reply from developer Phongwiroon Khompradit 2024.04.09 12:29 #

Great! thank you.

kenkkwok 2024.02.14 17:35 #

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Reply from developer Phongwiroon Khompradit 2024.02.15 10:37 #

Thanks, could you explain more details about the issue, e.g. which indicators?

Prabil m 2023.12.08 13:03 #

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4586

Reply from developer Phongwiroon Khompradit 2023.12.08 13:53 #

Great! thanks for the review.