Randy, great way to make an entrance.
Mending, how to and when to is not often discussed and for myself, I feel there are no set rules. You alone must decide on the merits of the cast how often or how little the mending must be performed to obtain the desired results.
The above answers all have some wonderful input, all of it has its merits. There are times you will need upstream mends (most often) but there are times when it is advantageous to mend downstream, it very much depends on the currents between you and your intended quarry.
When fishing reasonably fast big water across and down, I will often throw just one large mend upstream just as the line settles on the water. This helps eliminate a large downstream "bow" in my line which will form if no mend is thrown because of the current action on the belly of the line. It allows a short dead drift at the start of the swing, but also allows the line to come straighter sooner off the tip of the rod and I feel puts me in closer contact with the fly/flies as they swing in the current. Often takes on a swinging fly are quite subtle and a large downstream bow in the line adding slack to the system can negate the "feel" back through the line and rod.
In other waters, where there may be a back eddy between myself and the trout, I may mend several times- often upstream to allow for the different currents of the main stream flow and the back eddy.
Each and every piece of water, each and every cast is/are different, therefore the mystery of how often, which direction and how much to mend vary with each situation. Through experience you will learn what you think is best for any one situation. You can even cast and mend the heck out of the swing, stand in the same spot- cast again and mend just the once, thus producing to different presentations of the fly from the same position.
Now, to throw a spanner in the works.
I have fished with and been outfished by a guy over here that refuses to mend line on a wet fly cast at all. His reasoning is the pauses caused in the drift by mending look unnatural and do more to put trout off the take than a dragging constant swing. He tends to cast more upstream than across, giving a period of drag free drift until the line becomes more square on to the current and then allows the fly to swing on a taunt line down and lifts at the end. He catches fish, usually more often than I do on the same runs.
An indicator, do you need one? Again my answer will be much the same. Sometimes you will, sometimes you won't. I like to use an indicator in deep water I cannot wade close enough to where the trout may be and often there is confused current between my position and that of the trout. Because of depth and current action on the line I feel I have often lost touch with my flies and an indicator is a great help in these situations.
If casting upstream and trying to dead-drift dragless drift present small flies I will often use an indicator. Because often I will throw a "wriggle" cast upstream, to add slack to the system and allow a natural (I think) drift of the fly. Slack line means little feel back through and an indicator can be handy. If it stops, dips, moves in a strange direction, lift the rod tip!
Indicator type is a personal choice. A large dry fly gives a "second chance" catch possibility. Plastic bobbers seldom become waterlogged and sink. Yarn indicators are handy if fishing around log jams or snaggy water, if using a large dry fly as an indicator here, the trout may well head for the thicket of the log jam, causing the dry fly to snag, less chance of that with a yarn indicator.
Foam, putty, yarn, dry fly- the choices are many and for you to decide what works best for you. Indicators have a place, but are not needed in all situations.