Yes, diodes are just one wire in and one out, but they're polarity sensitive so you have to get them the right way around. That's the whole point of them. They only allow current flow one way. You need them in that circuit to stop one side of the indicator circuit feeding back through the other side, otherwise all the indicators would light up together. Diodes have a band around one end to indicate the polarity. Current flows from the non-banded end towards the banded end. In other words, connect the non-banded end to the positive feed and the banded end to the globe.
They're available from Jaycar. Ask for 1 Amp rectifier diodes or quote part number 1N4004. They have them in packs of 4 for 98 cents. They'll probably sell them individually if you can't afford to stump up the 98c for a pack
I dunno whether you're using an original wiring harness. If so, doing the wiring modification would be dead simple because you already have the left and right feed wires going to the idiot light. All you need to do is disconnect them from the lamp holder, solder a diode to the end of each wire (insulate the joint with a bit of heat-shrink tube or tape), then connect the other end of those diodes together and wire them to the centre terminal of the globe holder. Earth the globe holder itself and that's it.
If you go with separate idiot lights for left and right, you obviously don't need diodes because they're independent circuits.
PS: Andy beat me to it, but he's gone for a 3A diode. Makes no difference as the idiot light only draws about 0.25A and the diode prices are about the same. I haven't figured out the "someone else has already responded" warning yet.