Some people just drill a hole in the bottom of the bucket and attach a clear piece of hard tubing or pipe and run it straight up to the top of the bucket, the water line should be pretty even with whats inside. To be honest that's just a waste of time and the chance of water leaking all of your electrical components and causing a fire increases ten fold. After a while you know how much you plant is drinking and you'll only need to add water once every three days or so with most single dwc systems, takes two second to lift the bucket and check the water, save yourself the hassell and leave the water level indicator alone.