(Image removed from quote.)
I'm not sure "Direction You Are Looking" works.
Better description?
wrongway
That is incorrect. If you look at the outer triangle you will notice it turns clockwise when you turn right, and moves counterclockwise when you turn left. If the red triangle always pointed North it would be the opposite. On a magnetic compass the position of the triangle in your picture would indicate you are looking Northwest. But that triangle behaves like this instrument:

The top is North/0 degrees and the needle is pointed at Northeast/45 degrees.
Test this by keeping your turret rotated to the front of your vehicle and driving and doing turns with your clipboard open, you will see the plane icon in your clipboard and the outer triangle behave identically.
Things get really hairy when you start rotating your turret though. If both triangles are lined up at the top you are driving and looking North. If both are aligned at the right you are driving East but looking South. If the outer triangle is at the bottom and the inner is at the left you are driving South and looking East.
EDIT: Got ninja'd but I hope this post helps.
