Statements 1,2 and 3 are correct. A universal indicator is a pH indicator made of a solution of several compounds that exhibits several smooth colour changes over a wide range pH values to indicate the acidity or alkalinity of solutions. The main components of a universal indicator, in the form of a solution, are thymol blue, methyl red, bromothymol blue and phenolphthalein. This mixture is important because each component loses or gains protons depending upon the acidity or alkalinity of the solution being tested.