I've wanted a relatively compact on/off dial test indicator mount for my mill so came up with this. I wanted to utilize my Noga mini arm but I wanted ability to attach it to the rotating quill whether there was a tool mounted or not. That means it either has to me a split design like what I did, or you can buy a single piece clamp on style. I actually prefer the single clamp itself but the decent ones are kind of spendy & typically the arms locked with either knurled nuts or cap screws. The Noga is very quick - get the DTI into position & tighten one knob. Replicating the commercial style clamp is a bit of a cutout procedure to make the appropriate shape because it has to clear the spindle.
Here's what some commercial ones look like
Here's what some commercial ones look like