I asked Les what makes up Price Phrase and he kindly explained that to me. though I do not know why it is 10dma and 40dma instead of the more common 20dma and 50dma.
I believe in the past you dont use moving average.
Les scans show even for short term, moving averages are still very powerful.
Les said the trend score is a combination of several elements, at least some involved moving average.
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