This paper presents a new voltage stability indicator, the Distribution System Stability Indicator (DSSI), formulated using data from Phasor Measurement Units (PMUs) and tested on the standard IEEE 33-bus radial distribution system. The DSSI is verified against the standard Voltage Stability Indicator (VSI) to assess voltage security under different load and contingency conditions. The results highlight that the DSSI can effectively identify critical contingency situations, with the indicator values serving as a gauge for voltage stability in power systems.