Abstract: A strike indicator that can be suspended from a fishing line. The strike indicator includes a hanger for easily releasable attachment to the fishing line. The most preferred embodiment of the invention includes a buoyant body portion and a weight. In the most preferred embodiment, the strike indicator is used by hooking the hanger over the fishing line between the first and second guides causing the line to sag downwardly a sufficient amount so that when a fish is hooked and applies tension to the line, the strike indicator is pulled sharply upward and becomes disengaged with the line so that the strike indicator does not interfere with reeling in the fish.