Liquid/ Magnetic Level Indicator is designed for offering good clarity indication of liquid levels. The Indicator comprises white and red indication flaps that represent air and liquid levels respectively and is suitable for use in high pressure, high temperature, coloured and corrosive liquids. The Indicator can be mounted in various orientations such as the side, top or bottom of the vessel and comprises a magnet in the float wherein the indicator rises or falls with the liquid. The Liquid/ Magnetic Level Indicator has the feature that the float transfers this information to the indication rail that is mounted on the outside of the tube.