The motion path of a layer is shown in the transform tool if both of the following conditions are true.
The motion path shows all intermediate positions of the layer's pivot between all of the layer's position keyframes.
You can use it to edit the position keyframes and therefore the path of the layer directly on the canvas using Bézier curves, similar to how you can edit the path outline of a path layer in the path tool. Refer to those pages for all available options.
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