Does MS Word have an "unsaved changes" indicator?

One way to know if a document has unsaved changes is by looking at the redo button.

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This icon/button dims out if the file has no changes since it was last saved.


Reliable method: asking Word directly.

Let's get saved status directly from place where it is stored.
Create custom macro with single command:

MsgBox "Saved: " & ActiveDocument.Saved

When you run it (using toolbar icon or keyboard shortcut), it will show you the status right away.