diff --git a/src/misc/CMakeLists.txt b/src/misc/CMakeLists.txt
index f45fa06960..031ad3e000 100644
--- a/src/misc/CMakeLists.txt
+++ b/src/misc/CMakeLists.txt
@@ -1,4 +1,5 @@
 add_files(
+    alternating_iterator.hpp
     binaryheap.hpp
     dbg_helpers.cpp
     dbg_helpers.h
diff --git a/src/misc/alternating_iterator.hpp b/src/misc/alternating_iterator.hpp
new file mode 100644
index 0000000000..a5b6d6f591
--- /dev/null
+++ b/src/misc/alternating_iterator.hpp
@@ -0,0 +1,145 @@
+/*
+ * This file is part of OpenTTD.
+ * OpenTTD is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License as published by the Free Software Foundation, version 2.
+ * OpenTTD is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.
+ * See the GNU General Public License for more details. You should have received a copy of the GNU General Public License along with OpenTTD. If not, see <http://www.gnu.org/licenses/>.
+ */
+
+/** @file alternating_iterator.hpp Iterator adaptor that takes items alternating from a middle position. */
+
+#ifndef ALTERNATING_ITERATOR_HPP
+#define ALTERNATING_ITERATOR_HPP
+
+#include <ranges>
+
+/**
+ * Iterator that alternately takes from the "middle" of a range.
+ * @tparam Titer Type of iterator.
+ */
+template <typename Titer>
+class AlternatingIterator {
+public:
+	using value_type = typename Titer::value_type;
+	using difference_type = std::ptrdiff_t;
+	using iterator_category = std::forward_iterator_tag;
+	using pointer = typename Titer::pointer;
+	using reference = typename Titer::reference;
+
+	AlternatingIterator() = default;
+
+	/**
+	 * Construct an AlternatingIterator.
+	 * @param first Iterator to first element.
+	 * @param last Iterator to last element.
+	 * @param middle Iterator to "middle" element, from where to start.
+	 * @param begin Whether this iterator points to the first or last elements.
+	 */
+	AlternatingIterator(Titer first, Titer last, Titer middle, bool begin) : first(first), last(last), middle(middle)
+	{
+		/* Starting from the end is not supported, unless the range is empty. */
+		assert(first == last || middle != last);
+
+		this->position = begin ? 0 : std::distance(this->first, this->last);
+		this->before = middle;
+		this->after = middle;
+		this->next_state = this->before == this->first;
+		this->state = this->next_state;
+	}
+
+	bool operator==(const AlternatingIterator &rhs) const
+	{
+		assert(this->first == rhs.first);
+		assert(this->last == rhs.last);
+		assert(this->middle == rhs.middle);
+		return this->position == rhs.position;
+	}
+
+	std::strong_ordering operator<=>(const AlternatingIterator &rhs) const
+	{
+		assert(this->first == rhs.first);
+		assert(this->last == rhs.last);
+		assert(this->middle == rhs.middle);
+		return this->position <=> rhs.position;
+	}
+
+	inline reference operator*() const
+	{
+		return *this->Base();
+	}
+
+	AlternatingIterator &operator++()
+	{
+		size_t size = static_cast<size_t>(std::distance(this->first, this->last));
+		assert(this->position < size);
+
+		++this->position;
+		if (this->position < size) this->Next();
+
+		return *this;
+	}
+
+	AlternatingIterator operator++(int)
+	{
+		AlternatingIterator result = *this;
+		++*this;
+		return result;
+	}
+
+	inline Titer Base() const
+	{
+		return this->state ? this->after : this->before;
+	}
+
+private:
+	Titer first; ///< Initial first iterator.
+	Titer last; ///< Initial last iterator.
+	Titer middle; ///< Initial middle iterator.
+
+	Titer after; ///< Current iterator after the middle.
+	Titer before; ///< Current iterator before the middle.
+
+	size_t position; ///< Position within the entire range.
+
+	bool next_state; ///< Next state for advancing iterator. If true take from after middle, otherwise take from before middle.
+	bool state; ///< Current state for reading iterator. If true take from after middle, otherwise take from before middle.
+
+	void Next()
+	{
+		this->state = this->next_state;
+		if (this->next_state) {
+			assert(this->after != this->last);
+			++this->after;
+			this->next_state = this->before == this->first;
+		} else {
+			assert(this->before != this->first);
+			--this->before;
+			this->next_state = std::next(this->after) != this->last;
+		}
+	}
+};
+
+template <typename Titer>
+class AlternatingView : public std::ranges::view_interface<AlternatingIterator<Titer>> {
+public:
+	AlternatingView(std::ranges::viewable_range auto &&range, Titer middle) :
+		first(std::ranges::begin(range)), last(std::ranges::end(range)), middle(middle)
+	{
+	}
+
+	auto begin() const
+	{
+		return AlternatingIterator{first, last, middle, true};
+	}
+
+	auto end() const
+	{
+		return AlternatingIterator{first, last, middle, false};
+	}
+
+private:
+	Titer first; ///< Iterator to first element.
+	Titer last; ///< Iterator to last element.
+	Titer middle; ///< Iterator to middle element.
+};
+
+#endif /* ALTERNATING_ITERATOR_HPP */
diff --git a/src/tests/CMakeLists.txt b/src/tests/CMakeLists.txt
index e2d5f11ad6..c603eb99d3 100644
--- a/src/tests/CMakeLists.txt
+++ b/src/tests/CMakeLists.txt
@@ -1,4 +1,5 @@
 add_test_files(
+    alternating_iterator.cpp
     bitmath_func.cpp
     enum_over_optimisation.cpp
     flatset_type.cpp
diff --git a/src/tests/alternating_iterator.cpp b/src/tests/alternating_iterator.cpp
new file mode 100644
index 0000000000..93775685f5
--- /dev/null
+++ b/src/tests/alternating_iterator.cpp
@@ -0,0 +1,48 @@
+/*
+ * This file is part of OpenTTD.
+ * OpenTTD is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License as published by the Free Software Foundation, version 2.
+ * OpenTTD is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.
+ * See the GNU General Public License for more details. You should have received a copy of the GNU General Public License along with OpenTTD. If not, see <http://www.gnu.org/licenses/>.
+ */
+
+/** @file bitmath_func.cpp Test functionality from core/bitmath_func. */
+
+#include "../stdafx.h"
+
+#include "../3rdparty/catch2/catch.hpp"
+
+#include "../misc/alternating_iterator.hpp"
+
+#include "../safeguards.h"
+
+TEST_CASE("AlternatingIterator tests")
+{
+	auto test_case = [&](auto input, std::initializer_list<int> expected) {
+		return std::ranges::equal(input, expected);
+	};
+
+	/* Sequence includes sentinel markers to detect out-of-bounds reads without relying on UB. */
+	std::initializer_list<const int> raw_sequence_even = {INT_MAX, 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, INT_MAX};
+	const std::span<const int> sequence_even = std::span{raw_sequence_even.begin() + 1, raw_sequence_even.end() - 1};
+
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 0), { 0, 1, 2, 3, 4, 5, 6, 7, 8, 9 }));
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 1), { 1, 0, 2, 3, 4, 5, 6, 7, 8, 9 }));
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 2), { 2, 1, 3, 0, 4, 5, 6, 7, 8, 9 }));
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 3), { 3, 2, 4, 1, 5, 0, 6, 7, 8, 9 }));
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 4), { 4, 3, 5, 2, 6, 1, 7, 0, 8, 9 }));
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 5), { 5, 4, 6, 3, 7, 2, 8, 1, 9, 0 }));
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 6), { 6, 5, 7, 4, 8, 3, 9, 2, 1, 0 }));
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 7), { 7, 6, 8, 5, 9, 4, 3, 2, 1, 0 }));
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 8), { 8, 7, 9, 6, 5, 4, 3, 2, 1, 0 }));
+	CHECK(test_case(AlternatingView(sequence_even, sequence_even.begin() + 9), { 9, 8, 7, 6, 5, 4, 3, 2, 1, 0 }));
+
+	/* Sequence includes sentinel markers to detect out-of-bounds reads without relying on UB. */
+	std::initializer_list<const int> raw_sequence_odd = {INT_MAX, 0, 1, 2, 3, 4, INT_MAX};
+	const std::span<const int> sequence_odd = std::span{raw_sequence_odd.begin() + 1, raw_sequence_odd.end() - 1};
+
+	CHECK(test_case(AlternatingView(sequence_odd, sequence_odd.begin() + 0), { 0, 1, 2, 3, 4 }));
+	CHECK(test_case(AlternatingView(sequence_odd, sequence_odd.begin() + 1), { 1, 0, 2, 3, 4 }));
+	CHECK(test_case(AlternatingView(sequence_odd, sequence_odd.begin() + 2), { 2, 1, 3, 0, 4 }));
+	CHECK(test_case(AlternatingView(sequence_odd, sequence_odd.begin() + 3), { 3, 2, 4, 1, 0 }));
+	CHECK(test_case(AlternatingView(sequence_odd, sequence_odd.begin() + 4), { 4, 3, 2, 1, 0 }));
+}