As TomSuper O mentioned we have been working together to fine tune indicators for his Ross-DZ1000 switches. He also plans on using a 3-way and a 4-way four way in his yard, so he asked me how these indicators could be used for those guys.
A little background: So far I have indicator pcb's in place for Lionel PW, Fastrack, and DZ-1000 switch machines. The first two allow use of either a single bi-color red/green led, or optionally two separate leds as desired. The leds can be small 2mm post type, 3mm, or 5mm depending on user preference. (Tom is currently experimenting with a couple of sample 5mm boards I sent him) Depending on the panel material thickness and type, the leds can be simply poked through the panel from below, or housed in suitable bezels for a more finished look. Best visibility is simply poked up through the panel.
The DZ-1000 machines do not allow use of bi-color leds because of the way they are wired internally. So these boards are two-led only. There are two types A&B, the first for RH turnouts, the second for LH. There is only one board design, it's reversible depending on the switch type, See below finished boards, these are built with 3mm leds.

I don't want to interfere with any of the above discussions or plans for various indicators. In fact I think Alanrail's indicator housing looks great. 
Here is a re-cap of the discussion I had with Tom about optionally using the boards pictured above: The 4 way is easy enough. It has 3 machines I believe, so 3 two-led boards would work fine; one for each DZ-1000 machine. For the lead-in switch there is no straight-through position, so you would have to make an arbitrary choice as to which direction is red and which is green. No big deal. The other two ladder track switches are easy enough, just like any other DZ-1000.
The 3 way is a bit more of a challenge. Only 2 DZ-1000 machines so 2 two-led boards would work I think. You can have the left switch set to left turnout (red led), or the right switch set to right turnout (red led), easy enough. With both switches set to green you get straight-through. The setting with both set to turnout (red) is a no-no and will cause a derailment as I understand it.
To solve this problem I have read that there is a way to hook them up using a relay, such that there can never be both switches set to turnout. The basic logic is that say the right switch is accidentally left to turnout from a previous train. Now if you select the left switch to turnout, the right switch automatically returns to straight. And vice versa. If both switches are set to straight, that of course is allowed. No action taken.
Attached below is a detailed discussion for building and using the DZ-1000 boards, just for reference. Hope this helps!