The most common and most likely answer to this crossword clue is the 8 letter word MILEPOST
I've seen this crossword clue in The Daily Telegraph
M
I
L
E
P
O
S
T
More clues leading to the result MILEPOST
- Chap takes time crossing Italian river — it indicates distance
- Roadside feature upended German car in fog
- By the way it indicates important stage in one’s life
- Simple to unravel 9 marker?
- Spooner’s to accumulate bulk: it’s a reckoning point
- Reckoning-point‘s simple to set out
- Fog-shrouded broken pole is a distance marker
Buddy explains!
The straight part
We know that "By the way it indicates" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case by the way it indicates = milepost.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does MILEPOST mean?
MILEPOST noun- A post on a highway, often with one or more fingerposts, showing the distance in miles to nearby places
- A sign or post beside a railway marking the distance from the (actual or nominal) start of a line (usually the principal terminus or junction with a more major line)
- To place mileposts along (a road, etc.).