Stochastic Momentum Index (SMI) Refurbished
🎯 What Makes This SMI Special?
This isn't just another stochastic oscillator. The SMI Refurbished is a completely reimagined Stochastic Momentum Index that combines classical momentum analysis with cutting-edge visualization and advanced market intelligence features.
✅ The script is available free of charge on the TradingView platform, under the MPL 2.0 open source license, for both personal and commercial use, provided proper attribution is given.
It can be accessed at the following URL:
https://www.tradingview.com/script/DlsymZIk-Stochastic-Momentum-Index-SMI-Refurbished/
☕ Donations are welcome to support and encourage my work.
⭐ Key Features & Capabilities
🎨 Unprecedented Visual Customization
- 190+ Theme Combinations: 26 predefined color schemes plus unlimited custom options
- Dynamic Gradient Themes: Smooth color transitions based on momentum intensity
- Separate Theming: Independent color control for SMI, Signal, and Histogram
- Custom Level Configuration: Set your own threshold levels for all components
📈 Advanced Technical Analysis
- Dynamic Zones: Adaptive overbought/oversold levels based on historical percentiles
- Multi-Timeframe Support: Analyze momentum across different timeframes simultaneously
- Histogram Analysis: Separate SMI histogram with independent configuration
- Professional Smoothing: Multiple moving average types (SMA, EMA, ALMA, HMA, LSMA, and more)
🔍 Divergence Detection System
- Regular Divergences: Spot classic bullish and bearish divergences automatically
- Hidden Divergences: Identify continuation patterns before they develop
- Configurable Sensitivity: Adjust pivot detection and range parameters
- Visual Alerts: Clear labeling and line drawing for all divergence types
📏 Trend Line Breakout Analysis
- Automatic Trend Lines: Smart detection of support and resistance levels
- Breakout Alerts: Get notified when key levels are breached
- Customizable Sensitivity: Control pivot detection and breakout thresholds
- Visual Confirmation: Clear breakout labels and line styling options
🚨 Comprehensive Alert System
- Cross Alerts: Multiple crossing configurations with custom zones
- Dynamic Zone Alerts: Entry/exit notifications for adaptive levels
- Trend Alerts: Momentum shift detection with bar coloring
- Custom Messages: Detailed alert texts with price and oscillator values
⚙️ Professional Configuration
- Flexible Source Selection: Choose different price sources for each component
- Length Optimization: Separate K and D periods for SMI and Signal
- Transparency Controls: Individual opacity settings for all visual elements
- MTF Display Options: Control multi-timeframe visualization behavior
🎖️ Community Validated Excellence
- 475 Community Boosts 🔥
- 13,525 Active Users 📊
- Open Source Transparency 🔓
- Professional Implementation ⚡
💡 Perfect For:
- Day Traders: Quick momentum shifts with dynamic zone alerts
- Swing Traders: Divergence detection for optimal entry/exit points
- Professional Analysts: Advanced customization for institutional requirements
- Algorithm Developers: Robust foundation for automated trading systems
🛠️ Technical Specifications
- PineScript v5: Latest TradingView language features
- Professional Libraries: Integration with momentum, volume, and utility libraries
- 1093 Lines of Code: Comprehensive implementation with extensive error handling
- Zero Repainting: Reliable signals you can trust for live trading
🎁 What You Get:
✅ Complete SMI Refurbished indicator (.pine file)
✅ Installation and setup guide
✅ Configuration templates for different trading styles
✅ Advanced usage strategies and tips
✅ Lifetime updates and improvements
🔥 Ready to Upgrade Your Momentum Analysis?
Transform your trading with the most advanced SMI indicator ever created. Join thousands of traders who have elevated their technical analysis with professional-grade tools.
💎 Professional Trading Tool - Developed by André Eduardo Pérez Álvarez
📈 Proven Performance - Battle-tested by 13,525+ active traders
🛡️ Quality Guarantee - Open source transparency with commercial-grade features
Pinescript indicator