TSP Sentiment Survey - Percentage of Bullish and Bearish Traders

TSPTalk.com publishes a weekly survey that asks investors whether they think the S&P 500 is bullish or bearish. The percentage of bullish and bearish traders as well as the TSP trading strategy mode are downloaded from TSP website. The Excel file is parsed then three symbols are created and added to your database.
^TSP_Bulls: This is the percentage of traders who have a bullish sentiment regarding the future of the S&P 500 Index.
^TSP_Bears: This is the percentage of bearish traders
^TSP_Signal: This symbol tells you whether to use the bullish market rules (Value = 1), or the bearish market rules (Value = 2). More info in the next paragraph.

There are two types of rules in the trading system. The bull market rules are used when the 50-Day exponential moving average of the S&P 500 index is above the 200-day exponential moving average. Otherwise, the bear market rules are used to generate Buy/Sell signals.
In either case, the Bulls to Bears ratio is calculated and depending on its value and on the market rules previously chosen, a trading signal is generated for the following week. For more info about how this trading system works: http://www.tsptalk.com/sentiment_survey_rules.html


How to display the bulls to bears ratio on a chart

Right click on a chart, create a new pane, edit its formula then type the following lines:

op1 = GetSeries('^TSP_BULLS', Close) / GetSeries('^TSP_BEARS', Close);
Plot(op1, 'Operation', colorBlack, ChartLine, StyleSymbolNone);

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