This is my attempt at smoothing the exponential moving average any its cousins. I literally just smoothed the source and alpha and this is what we got. I really like this because you get a nice smooth yet fast acting moving average that works better than a traditional simple moving average. This script also included directional alerts.
Very useful, thanks but a glitch with the alerts. When price crossing down, both bearish and bullish are triggered and bullish alone does not trigger when price crossing up.