RSI-based trend-showing indicator

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Trading Connector
314
Trading Connector  

A lot can be read from RSI. Even trend. When trend is strong, RSI keeps beyond overbought/oversold areas or at least near them. Sometimes reaching lower for a dip. But when the trend gets exhausted, RSI moves significantly to the other side.

Is there any indicator using this logic to show direction of the trend?

Sergey Golubev
Moderator
117618
Sergey Golubev  

Stochastic for example (this small thread

MetaTrader Trading Platform Screenshots

EURUSD, M5, 2013.06.03

MetaQuotes Software Corp., MetaTrader 5, Demo

not simultanious

EURUSD, M5, 2013.06.03, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
117618
Sergey Golubev  

As to RSI-based indicators so you can use search function for - this link, for example - 

Trading Connector
314
Trading Connector  
Thanks @Sergey Golubev. I'm not a fan of stochastic, but Envelopes thing and other stuff looks very interesting. I'll definitely have a deeper look.
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