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"this would indicate" is correct and usable in written English.
You can use this phrase when you want to state that something suggests or implies something else. For example, "The sharp decrease in sales this quarter this would indicate that the new product launch was less successful than expected."
Exact(60)
This would indicate that a share sale could be possible before the 2015 election.
As in the case of Mateen, this would indicate the continuing power of the group's ideology.
This would indicate Fox will have to make a significant investment to take a 50% stake.
This would indicate that he had help in getting the money.
"There is a problem with airport noise, but not to the degree this would indicate".
This would indicate that the monster "just came out of the lab table".
This would indicate a willingness to be co-operative, at least for a while.
This would indicate a swing of about 20 points across Scotland from Labour to the SNP.
This would indicate a "buy" signal.
This would indicate the anticoagulant nature of the test compound.
This would indicate a higher sensitivity of the model.
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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