Djokovic's five titles in the California desert include the last three.
But the Serbian star arrives at a tournament he has owned shaken by a second-round exit at the Australian Open, which was followed by a shocking quarter-final loss to young Australian Nick Kyrgios in Acapulco.
The setbacks come on the back of a troublesome second half of 2016, when he lost his world number one ranking to Andy Murray and relinquished his Wimbledon and US Open titles.
"Right now I feel like it was better than it was, especially in the second part of last season," Djokovic said Thursday as unseeded men swung into action in the first ATP Masters tournament of the year.
"Particularly after the US Open I had those couple months where I wasn't myself on the court. Now I'm at the better place and I believe that I'm headed in the right direction."
Djokovic, who lifted the trophy in Doha this year before his Australian Open defeat, insisted the latest setbacks haven't discouraged him.
But he's got a monumental task in Indian Wells, where he anchors a bottom quarter that also includes four-time champion Roger Federer, and three-time winner Rafael Nadal.
- Dangerous draw -
==================
"I haven't had too many draws like that," Djokovic said. "It's quite amazing to see that many quality players are in one quarter.
"It is what it is," he added. "Obviously Nadal and Federer are starting to build their rankings. They haven't played, especially Roger hasn't played for six months of the last season.
"We'll see what happens. I guess in the first four or five days of the tournament we'll have some very, very strong matches."
Murray heads the draw that gives all 32 seeded players a first-round bye.
Among Thursday's matches, Italy's Paolo Lorenzi downed Robin Haase of the Netherlands to book a first-round meeting with third-seeded Swiss Stan Wawrinka.
Canadian qualifier Vasek Pospisil and Taiwan's Lu Yen-Hsun were squaring off for a chance to take on Murray, while Moldovan qualifier Radu Albot took on France's Jeremy Chardy with the winner to take on eighth-seeded Austrian Dominic Thiem.
Even after his 2016 Australian Open victory more than a year ago, Djokovic indicated he could feel them coming, telling reporters that wolves running up the hill are hungrier than the wolf at the top.
"I guess I'm one of the wolves going up now," Djokovic said Thursday. "And I'm hungry.
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