Custom Stochastic Momentum Index (SMI)

📊 Custom Stochastic Momentum Index (SMI)

Custom Stochastic Momentum Index (SMI) is a refined momentum oscillator designed to identify trend strength, reversals, and overbought/oversold conditions with higher accuracy than traditional stochastic indicators.

This version gives traders full control over smoothing and signal calculation, making it suitable for intraday, swing, and positional trading across all markets.

🔹 Key Features

Fully customizable %K Length

Adjustable %K Smoothing and Double Smoothing

Configurable %D Period

User-selectable %D Moving Average Type

SMA

EMA

WMA

RMA

Fixed and proven levels:

Overbought: +40

Oversold: −40

Automatic shaded zones above overbought and below oversold levels

Clear K–D crossover labels for precise entry and exit timing

Clean, non-repainting logic

📈 How to Use

Bullish Setup

Look for %K crossing above %D near or below −40

Bearish Setup

Look for %K crossing below %D near or above +40

Trend Confirmation

Trade crossovers in the direction of the higher-timeframe trend

Works best when combined with:

Price Action

Support & Resistance

Market Structure / SMC concepts

🎯 Best For

Intraday traders

Swing traders

Momentum-based strategies

Confirmation with structure or breakout systems

⚠️ Disclaimer

This indicator is for educational and analytical purposes only.
It does not provide financial advice. Always use proper risk management.