is this ok to do?

 
if i pay monthly for a private indicator, can i just use the source code for that indicator and use it myself? 200 a month is kind of a steep price.
 
EGD EGD:
if i pay monthly for a private indicator, can i just use the source code for that indicator and use it myself? 200 a month is kind of a steep price.
You mean the source code of a product bought in the market, right?  When you buy or rent a product in the market, you buy the right to use it indefinitely or for a limited time in case you rent it, but in no case do you have the right to see the source code.  With the rental purchase you can use it on a limited number of devices depending on the licenses offered by the developer, usually 5
 
EGD EGD:
if i pay monthly for a private indicator, can i just use the source code for that indicator and use it myself? 200 a month is kind of a steep price.

You can buy it for indefinitely time. Source code is the secret of an EA you cant get it unless the developer give it to you, if you are just a user of EA then source code is not necessary at all. Ask the developer if you want to buy source code privately, maybe the developer want to give for a certain price.

 
EGD EGD: if i pay monthly for a private indicator, can i just use the source code for that indicator and use it myself?

It makes no sense to pay monthly for source code — once you have it you need nothing from the owner and wouldn't never pay again.

Either you are paying $200 (once) for the source code, or you are renting (per month) the compiled indicator (no source).