I'd first check the negative route. See to it there's no corrosion. The indicators often have a bad ground.
Are you familar with the V-4 measurement?
Here it is.
It's just 4 steps with the same meter. When you look at the pics long enough, you'll get it. Each picture shows two measurements. So the measurement on the left is the first, the one on the right the second and in the second picture the measurement on the left is the third, the one on the right the fourth step.
Let's say there's a problem, something is not working right: a somewhat dim lamp.
Step 1: you measure the potential over the battery terminals. Here it is 12,0 V. This is now your reference.
Write it down: V1 is 12,0 V. Then go to the right, which is step 2. You measure the potential over both sides of the part that does not perform 100%. In this example you measure a potential of 11,0 V. Write that down: V2 is: 11,0 V.
Hmm, one volt does not make it from Batt POS to Batt NEG, so to speak. We want all Volts to pass. Where can I look for that missing volt, in other words where is the resistance? For this we go to:
Step 3. Check if there's any potential over Battery POS and POS side of the lamp. Ideal outcome would be 0 (zero), indicating there's no resistance and all volts arrive. In our example 0,1 V is missing. This is acceptable. BTW, you can interpret that little square as things in between like a fuse and/or a switch.
Write down: V3 is: 0,1 V.
Now check the NEG side of the route: the potential over Batt Neg and the NEG side of the lamp. Also here the ideal outcome would be 0 (zero), indicating there's no resistance and all volts arrive.In this example we measure 0,9 V however. Write that also down: V4 is: 0,9 V.
Before we begin interpreting our results, let's first check we did the V4 measuring right.
You only have to remember one formula: V1= V2+V3+V4. Always.
So in our example: 12,0 = 11,0 + 0,1 + 0,9. Conclusion: we did it right. As already said, the 0,1 V missing in the POS route is not much of a problem. Possibly there is some minor resistance by a fuse and/or a switch. Not much to worry about. The 0,9 V in the NEG route is a reason for concern however. But at least we now know, where to look in order to locate it: the negative path. In our example, it's probably a rusty, dirty or loose connection. Could be the thick Batt NEG cable, connected to a recently powdercoated frame.
Ofcourse this is a simplistic representation. Depending on 'obstacles' like switches and/or fuses, we may need more steps to perform, but V1 must always be the sum of V2 and V--n. Also realise, I've limited myself here to describing a situation, where a component is not working a 100%. There's also the possibility, something is not working at all. I'd then start by isolating that part first and connect it directly to a known good battery to verify that part is OK.