function truncate_form_element_value(element, max, indicator) {
  var value = $(element).value;
  var length = value.length;
  if ( length > max) {
    $(element).value = $(element).value.truncate(max, '');
    new Effect.Highlight( element, { queue: 'end', limit: 2 } );
  }
  $(indicator).innerHTML = length;
}