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The phrase "a common set of indicators" is correct and usable in written English.
It can be used when referring to a group of metrics or measures that are widely accepted or utilized in a particular context.
Example: "To assess the project's success, we will use a common set of indicators that are recognized in the industry."
Alternatives: "a standard collection of indicators" or "a shared group of indicators".
Exact(11)
However, the results of many studies have not yet led to a generally accepted indicator of innovative performance or a common set of indicators.
Indicators can be used to summarise complex information about landscape functions and the ability to extract a common set of indicators for analysing different landscape functions may provide valuable support for multiple-use planning.
These systems will allow for the establishment of a common set of indicators that will give all the members and other similar organizations a more comprehensive understanding of the interventions' impact and what has been accomplished.
We are, however, still far from being able to refer to a common set of indicators at the European level.
These included a set of implementation standards for technical and managerial areas, project milestones, a common management framework, and a common set of indicators.
As member of the Global Migration Group (GMG) on Research and Data, UNICEF in collaboration with the Population Division of UN/DESA has compiled and developed a common set of indicators on international migration and development.
Similar(49)
World Business Council for Sustainable Development [42], proposed a common set of 12 indicators concerning the most important dimensions of sustainable mobility.
Teams also monitored a common set of core indicators to assess improvements in quality.
Each team collects data on a common set of core indicators to measure whether changes introduced to the system are resulting in improvement.
Participants believed that this would improve the quality of data collected and would allow the performance of treatment facilities to be compared on a common set of quality indicators.
For these reasons, collaboration between HEFCE and other public funding agencies, medical research charities, universities, and the wider medical research community is required in order to develop and validate a common set of impact indicators with universal guidelines on data collection.
More suggestions(16)
a common set of signal
a common set of eigenfunctions
a common set of goals
a common set of characteristics
a common set of regulations
a common set of standards
a common set of criteria
a common set of objectives
a common set of observations
a common set of functionalities
a common set of questions
a common set of variables
a comprehensive set of indicators
a common set of signifiers
a common set of sources
a common set of services
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com