Market Panel Display Controller Indicator

The Market Panel Display Controller Indicator talks about the candle range, mentions the high/low price, and displays the info box. This guide will mention the indicator and how you can trade it.

What is the Market Panel Display Controller Indicator?

The Market Panel Display Controller highlights the key info on the chart. The indicator possesses two elements to display that data; the info box and the range of high/low.

The info box contains the spread, range, and candle.

  • The spreads note the difference between the bid and the ask price.
  • The range tells about the range of the pair.
  • The candle shows the current timeframe candle.

The other aspect of the Market Panel Display Controller is the range. The indicator plots the high/low range on the previous candle. In addition, these levels can act as support and resistance levels.

Market Panel Display Controller Indicator
Market Panel Display Controller Indicator

Market Panel Display Controller Strategy

The Market Panel Display Controller doesn’t tell about the trend’s direction; you can use it to find key information. For trading with the indicator, you must combine it with other indicators like the Moving Averages or the RSI.

You can also use the ranges as support and resistance levels. If the price exceeds the high range, there can be a potential bearish reversal. Conversely, you can look for a bullish reversal if the price touches the support level.

A key point to add here is that Market Panel Display Controller spread and range varies according to the timeframe, and each timeframe will have a different range or spread. The good thing is you can use the indicator on all timeframes.

Buy Signal

  • Apply the Moving Average or any other indicator on the chart.
  • The price must be above the MA.
  • Wait for the price to go above and then enter.
  • Place a stop-loss at the recent swing low.
  • Set take-profit at the previous high or exit the trade when the price dips below the MA.
Market Panel Display Controller buy signal
Market Panel Display Controller buy signal

Sell Signal

  • Apply the Moving Average or any other indicator on the chart.
  • The price must be below the MA.
  • Wait for the price to go below and then enter.
  • Place a stop-loss at the recent swing high.
  • Set take-profit at the previous low or exit the trade when the price jumps above the MA.
Market Panel Display Controller sell signal
Market Panel Display Controller sell signal

Market Panel Display Controller Pros & Cons

Here are the pros and cons of the Market Panel Display Controller:

Pros

  • The indicator is easy to understand.
  • It presents some key info on the chart, which you must manually look for.
  • The high/low ranges can act as support and resistance levels.

Cons

  • The indicator doesn’t find the trend’s direction.
  • You have to combine it with other technical indicators for signal detection.

Conclusion

The Market Panel Display Controller shows key info along with the high/low ranges. The indicator helps find spreads and ranges, which one must manually do. The system is simple to understand and maybe beneficial when trading with multiple forex pairs.

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