You might try something like this.
View attachment 518564
I used a very traditional method to make the panel graphics, but a different way of controlling turnouts than what you seem to have in mind.
The track diagram was drawn on the panel using very simplified drafting techniques. First I spray painted the entire panel orange. After the paint had thoroughly dried (overnight) I drew the track outlines with a pencil and a ruler. Once I had the faint track outline drawn, I set thin graphic tape on the pencil lines representing the tracks. I gave the panel several coats of spray can clear gloss enamel, letting each coat dry overnight. Then I drilled the hole for my one and only switch. The single rotary switch and some diodes control power to all the turnouts in the small yard. This is called "Route Control" and there are several circuits that can do it. I chose an elegantly simple one from a Model Railroader Magazine article.
If you are going to use the more common setup of controlling individual turnouts with one toggle switch each, then you would drill holes in the area on the control panel diagram where the two possible routes through each turnout split. Flipping the toggle up would set the turnout for the upper route on the diagram. Flipping it down would set the turnout for the lower route. You don't really need indicator LEDs since you can see which way the toggle switch is set. However if you want the LEDs, they would be set in the line equivalent to the track they represent, a bit further down the line from the toggle switch. Since the line on my rotary switch knob and the schematic diagram lines leading to it, make it obvious which track is selected, I choose not to use LEDs.
Good luck, have fun;
Traction Fan :smilie_daumenpos: