You can turn the "correcting" on or off (using the "correction" period). Also, 4 types of color/trend/state changes are available. It is similar to step rsi but it should not be mixed with it. They are completely different indicators. A usual, you can turn the "correction" on and off and you can chose the criteria for "trend" or over bought / over sold finding out based on:

The usual parameters experimenting is advised. The above example on a larger scale:
Corr average
Average using dr. Andreas Uhl's "correction method.
iCrosshairClickTarget
iCrosshairClickTarget indicator for MetaTrader 5 is an improved version of iCrosshair indicator for MetaTrader 4.
MACD ca
MACD ca - sort of a "step MACD" or "corrected MACD".
VWAP bands
Volume weighted average bands.