I think it's a combination of buttons to perform a slide. I know people who had the chance to will be able to give you a decent answer on this matter.
While sliding, you will be able to shoot, so my guess is that you have to press "lower stance button" + SMART button to do the slide, while you can freely look around and take people down.
Normally there's no time delay between actions to make you move smoothly (SMOOTH MOVEMENT across random terrain) However, the time you need to perform certain actions depends on bodytypes, current movement speed/momentum and they way you approach the object you want to climb over.
I suggest you read http://brinkthegame.com/community/blogs/detail/?id=4 to get a better view on what I'm trying to explain.