This is the "corrected" version of RSI. It can calculate the usual 7 types of RSI :

• Cuttler's RSI
• Ehlers' smoothed RSI
• Harris' RSI
• Rapid RSI
• RSI
  
• RSX
• Slow RSI

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:

• on slope change
• on outer levels cross
• on middle level ("fake zero line") cross
• or on original rsi value cross (in which case rsi is used as a sort of a signal line)

The usual parameters experimenting is advised. The above example on a larger scale: