I'm using it as a Trend Indicator for detection of trend and potential reversal point.
Types of MA has been added in settings, can be used at one's discretion.
Note- This indicator requires for it's calculation, so used it on Equity, and Options only.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.