Depending on timing and accuracy constraints, one simple way to do this is using a peak detector-basically a resistor/diode/cap. The basic operation is as follows: using a voltage comparator, the non-inverting input gets the signal through an RC with a diode across the R, and the inverting input gets an attenuated version of the input signal. Thus, as the input is rising, the inverting input follows the input signal (minus the diode drop) and the non-inverting input has a lower voltage due to the divider. When the signal begins to fall, the cap will discharge slowly (through the resistor, since the diode is now reverse biased). When the signal falls far enough (depending on time constant and divider ratio), the non-inverting input will be higher than the inverting input, and the output will go high.
You can improve on this concept with more circuitry (to eliminate the effect of the diode drop, for instance) , but that's the basic theory of operation. This method does not require a threshold voltage; the trigger point is a percentage of the amplitude, rather than an absolute voltage level.