The Forex Market Panel Display Controller indicator for Metatrader 4 shows the open and close for the different market sessions, plus general market info.
It also provides the spread, range, and candle time for your chosen currency pair.
Free Download
Download the “Market Panel Display Controller.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The picture below shows the Forex Market Panel Display Controller mt4 indicator in action on the trading chart.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trading hours
Does the indicator repaint? No.
MT4 Market Panel and Alligator Forex Strategy
The MT4 Market Panel and Alligator Forex Strategy is a structured trend-following method that combines session timing with moving average-based market direction.
It helps traders identify when the market is active and which trend direction offers the best opportunities.
This setup works well on M15, H1, and H4 timeframes for swing and intraday traders who prefer clarity and confirmation before entering a trade.
The Forex Market Panel Display Controller Indicator displays essential market information such as the open and close of the main sessions — Asia, London, and New York — directly on the chart.
It also shows general data about market conditions, allowing traders to know when liquidity and volatility are at their highest.
The Alligator Forex Indicator, created by Bill Williams, uses three smoothed moving averages (the jaw, teeth, and lips) to identify trend direction and market structure.
When the Alligator lines are intertwined, the market is asleep or ranging.
When they spread apart and move in one direction, the market is trending — which is when the strategy produces its best results.
Combining the market session timing from the Market Panel with the Alligator trend filter gives traders both direction and timing for high-probability entries.
Buy Entry Rules
- Wait for the Forex Market Panel to indicate that a major trading session is open (London or New York preferred).
- Check that the Alligator lines are aligned upward — the lips (green) above the teeth (red), and the teeth above the jaw (blue).
- Ensure the lines are spreading apart, showing that the Alligator has “awakened.”
- Open a buy trade once the candle closes above all three lines.
- Set a stop loss below the most recent swing low or below the blue (jaw) line.
- Take profit at 1:2 risk-to-reward or when the Alligator lines begin to flatten.
Sell Entry Rules
- Wait for the Forex Market Panel to show that a high-volume session is active (London or New York).
- Confirm that the Alligator lines are aligned downward — the lips (green) below the teeth (red), and the teeth below the jaw (blue).
- Ensure that the lines are opening downward, confirming trend strength.
- Enter a sell position after a candle closes below all three lines.
- Place a stop loss above the latest swing high or above the blue (jaw) line.
- Take profit once the lines start to converge or when momentum slows.
Advantages
- Combines trend direction and session timing for higher accuracy.
- Helps avoid trades during low-volatility or ranging conditions.
- A visually clear system that suits traders at all skill levels.
- Works across multiple timeframes and major currency pairs.
- Encourages disciplined entries and exits based on clear signals.
Drawbacks
- Can generate fewer trades when the market is ranging.
- Late entries possible if waiting for full Alligator confirmation.
- False signals may occur when sessions overlap with news events.
- Less suitable for very short timeframes like M1 or M5 due to noise.
Case Study 1: EUR/USD M15
During the London open, the Forex Market Panel showed that the European session was active.
The Alligator lines began spreading upward, with the green line above the red and blue.
A buy position was opened at 1.0842 after a candle closed above all three lines.
The stop loss was placed 15 pips below the jaw line.
Over the next 45 minutes, the price climbed to 1.0868, producing +26 pips.
The Alligator lines began to flatten soon after, confirming that the upward movement had slowed.
Case Study 2: GBP/USD H1
In the New York session, the Forex Market Panel showed increased market activity.
The Alligator lines turned downward and began to widen.
A sell signal was confirmed as the price closed below all three lines at 1.2680.
The stop loss was set at 1.2705, just above the recent high.
Over the next few hours, the price dropped to 1.2630, gaining +50 pips. As the Alligator’s lines started to close, the position was exited, locking in the profit.
Strategy Tips
- Use the Market Panel to trade only during major sessions for better volatility and momentum.
- Wait for the Alligator to “wake up” — when the lines clearly separate — before entering.
- Avoid trading when the Alligator lines are tangled, as the market is consolidating.
- Combine with a higher timeframe trend filter to confirm direction.
- Adjust stop loss sizes based on the volatility of the active session.
- Consider trailing your stop along the blue (jaw) line to protect profits during strong trends.
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Download the “Market Panel Display Controller.mq4” indicator for Metatrader 4
