Since Sub-pixel Morphological Anti-Aliasing (SMAA) algorithm extracts images with less contour and needs larger storage, an improved algorithm for SMAA was presented.In the improved algorithm, the multiplication of luminance of a pixel and an adjustable factor was regarded as a dynamic threshold, which was used to decide whether the pixel is a boundary pixel. Compared with fixed threshold for boundary decision in SMAA, the dynamic threshold is stricter for deciding whether a pixel is a boundary one, so the presented algorithm can extract more boundaries. Based on the analysis of different morphological models and used storage, some redundant storages were merged so as to reduce the size of memory. The algorithm was implemented by Microsoft DirectX SDK and HLSL under Windows 7. The experimental results show that the proposed algorithm can extract clearer boundaries and the size of the memory is reduced by 51.93%.