Yes, but whether it means anything is unclear. A sentence may be grammatically correct and total gibberish at the same time.
The answer depends on what is indicated.
Indicated means to point out or show
There are no calculations indicated.
The answer is indicated.
Amiodarone is indicated in which of the following:
It would help if the "denominator indicated" was actually indicated!
The answer is indicated.
The beauty of nature is indicated in line
It means to Simplify
The past tense of "indicate" is "indicated."
Acceleration is indicated on a speed/time graph.
Depositing will be indicated by + whereas withdrawing will be indicated by-.