Abstract: Ice fishing apparatus adaptable for use in either an attended or unattended fashion and including a reel mounted strike/line feed indicator for real time displaying a fish strike condition. The apparatus comprises a relatively stiff rod section mounted to a reel containing handle section. A drag assembly mounted to the handle and contacting the circumferential edge of the reel provides adjustable line tensioning. A high visibility strike indicator detachably mounts to the face of the reel and overlaps the reel face, whereby the angler is able at a distance to observe movement of the indicator, with the removal of line from the reel. When used in an unattended fashion, a hole cover and associated rod support means maintain the rod in upright relation to the hole for maximum visibility.