To really get an accurate reading you need a probe to measure the PH of the medium. There is a couple out there. A good example is the Grodan rockwool Grow sense stuff. They make the same type of probes for other mediums from other companies. They usually tie into grow controllers that measure/control fans, dehuys, lights, watering ect. There is some handheld units.
You don't have to go this route and it's a little overkill for the price unless you are talking a large number of plants in a commercial settings. Just some people like hard data and taking the guess work out of it, which it turn can lower the learning curve if you want. Plenty of people will just use weight of the pot (specially in smaller pots). If you want to get tech and data without the use of probes ect you can always weigh a dry pot and then a fully saturated pot to get your 0% and 100% and go from there. Again I'm not saying you need to do this just some people like this approach with hard numbers vs going by look and experience. Just understand as the pot size goes down, like 1 gals with big plants and multi waterings a day, waterings have more of an impact to keep them in the sweet spot and not get to extreme on either end of the spectrum vs bigger pots where you are watering once every couple of days. I have messed with some of the probes and its cool to see the impact of waterings and really didn't understand it fully until that. Helped me a lot with dialing in feed times on multi watering setups in coco and rockwool with small mediums and big plants.
If you look at some of the grow sense charts for feeds and rockwool coco pretty much acts the same with waterings. Just when coco starts to get to the 20% or less of saturation on the medium you are dealing with a medium that isnt completely inert and does some things with different macros and micros which can cause problems with the PH spike and PPM buildup in the medium when they get too dry. Specially in smaller pots when the root ball pretty much occupies 80-100% of the medium.
Here is some mad MS Paint skillz to kind of give you a visual
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