A position indicator is provided for use with a position detecting sensor that carries out position detection by detecting a change in capacitance. The position indicator includes: a first electrode configured to receive an alternating-current (AC) signal from the position detecting sensor; a signal enhancing processing circuit configured to subject the AC signal received via the first electrode to determined signal enhancing processing; and a second electrode different from the first electrode and configured to be supplied with a signal output from the signal enhancing processing circuit. An enhanced signal having a determined correlation with the AC signal received via the first electrode from the position detecting sensor is formed while the enhanced signal is sent out to the position detecting sensor via the second electrode.