This script is a standard but with many options for customization. You can set the moving average type of the signal and the oscillator lines separately. You can also weight any moving average of the by .
Supported Types of MA:
Personally, I believe weighting by is helpful across markets but especially helpful for equities. I like to use 3,10,16 settings similar to Linda Raschke but with instead of . This indicator is especially useful for signaling trend continuation and generating exit signals. For entries, I believe this indicator should not be blindly followed and works better when combined with a trend or price action signal.
If there are requests for more types of moving average to be used with the , I would be down to implement them, but I believe most moving averages are pretty similar.
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.