To line up your drill press without an indicator do this:
1. Cut a wire coat hanger so that it has a straight wire about 2" long,a right angle bend around 4 to 6 inches long parallel to the first bend, then another right angle bend about 1" long. (All bends are parallel, so that it lies flat on the table).
2. Cut it there.
3. place the first bend (2") into the drill chuck.
4. Place a sheet of paper flat on the drill press table.
5. Slowly swing the spindle around in a circle by hand and adjust the spindle (with the wire in it) downward until the wire end just barely touches the paper somewhere.
6. Loosen the table clamp a little and swing the spindle containing the wire around by hand. Adjust the table until the wire barely scrapes the paper on all four sides of the table.
7. Clamp the table tight. You may need to shim the table to spindle clamp until it clamps square from front to back.
Easy, huh?
You're quite welcome.
P.S. Hang the wire on the wall. You'll need it again.