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The phrase "as a snapshot indicator" is correct and usable in written English.
It can be used when referring to a specific measure or point in time that provides a quick overview or assessment of a situation.
Example: "The quarterly report serves as a snapshot indicator of the company's financial health."
Alternatives: "as a quick reference point" or "as a brief assessment tool".
Exact(1)
Analysts still value it, as a snapshot indicator of the risk of investing in these countries.
Similar(59)
There may be announcements during the live vote window of the results thus far, that should not be taken as an indicator of the final published results, but merely as a snapshot for interest.
There may be announcements during the live vote window of the results thus far, either in the relevant broadcasts in in response to voting online, that should not be taken as an indicator of the final published results, but merely as a snapshot for interest.
The index is published quarterly and is described as a snapshot of the industry mood.
Many viewed the Ali-Frazier matches as a snapshot of the struggles of the 1960s.
My afternoon with Andrew Madden might serve as a snapshot of what Ireland has been through lately.
"You can freeze that culture down and preserve it as a snapshot of what they want.
Hold the first image as a snapshot.
It's about looking at the past not as a snapshot, but as through a prism.
A list of lab test results can serve as a snapshot of a person's health.
Also, our cross-sectional foraging study should be regarded as a snapshot within one breeding season.
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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