Man! There is a trick to indicating a 4 jaw and I wish you guys would spill the beans. I'm like a special needs kid playing whack a mole when I'm doing the aforementioned...really sad.
No trick. Watch Abom79 [Adam Booth] do it. They even stage races!
The 'trick' is visualizing, translating what is going on, toward the intent.
I dial in regularly, but often coarse, rough, and large diameter material. These are hanging from a boom or crane, no way I'll hold it while manipulating everything else. Those especially, are conducted in the following manner.
Note some position on the jaw meets or close to the rings scored into front of chuck. Using part or a scale, set a jaw opening where two opposing jaws [ie #1 & #3] look evenly positioned according to those rings. Unless part is very heavy, two jaws will hold now, while bringing in other pair. Just secure, not clamped tight. Again, on big parts, have the tailstock ready to hold part with center and a block of wood. One aid, is to paint mark two sides. Way easier recognizing paint, compared to grimy stamped numbers.
The rings are one way......another is measure part OD, divide in half. Bring tailstock close enough to jaw plane that a steel rule can show that half from center point to jaw face. 'My' lathe too big for that, and 12" scale often too short.
You are already halfway there.
Set a travel [aka drop] indicator perpendicular to material, on centerline,
not touching. Rotate spindle [thank engineers for neutral] slowly while moving indicator in until highest spot touches. I like using cross slide or compound with indicator on toolpost, adding a little more indicator travel [aka deflection].
You are better than three-quarters done.
Watch the jaw number, lets say #3, that is obvious high spot. Spin to #1, gap signifies amount off. But the jaw movement is half that. Big stuff, I might even run cross slide in, and let lathe dial 'measure' amount needed, but jaw movement will still be half.
Back [loosen] jaw #1 in approximation of that half distance. #2 & #4 will hold, while rotating to #3. The indicator might be touching, or very nearly, but far less than before.
Observation will show what #2 & #4 need.
Figure yourself seven-eighths of the way.