Evidence that trend following outperforms buy-hold over long periods (10-20y)

Are there any strong academic evidence that over the long term (10 to 20 years) that a trend following approach (i.e: SMA(200)) outperforms a buy-hold strategy?

Submitted December 02, 2018 at 09:33AM by crosmaxal https://ift.tt/2Q7PGJd