Let’s take a deep dive into creating screens on sharpely’s Advance Screen Builder.
In our first example, we’ll create a screener for Institutional Accumulation.
The objective is to identify stocks that FIIs and DIIs are aggressively accumulating.
We could focus on stocks that only DIIs or FIIs have accumulated, but a better metric is where the net (FIIs and DIIs) buying is positive.
For that, we will look at the Q-o-Q change of DIIs and FIIs as positive as compared to the previous quarter.
Such a metric isn’t directly available. But thanks to our custom metrics you can design it in an instant. Here’s how:
As you can see our custom metric is ready to go.
Let’s add other metrics to create our screener.
We want stocks that have seen a rising demand, strong EPS growth, and also solid returns on equity.
Here are the conditions we’ll use to achieve this desired result:
We have used our custom metric and set it at greater than 0, indicating a positive change.
Next, we used the volume surge ratio, which tells you an increasing interest in the stock. Since we’re combining a lot of other metrics, we’ve taken a reasonable number of 1.5.
The other metrics are self-explanatory. Let’s check the results. We’ll click on ‘Run’
9 stocks qualify our parameters.
Let’s run a quick backtest and check how this screen performs.
Not bad, right?
What metrics would you prefer to screen stocks with institutional accumulation? Create your screen today with your desired parameters. Remember to tag us on your socials if you find your ideal one!
On to the next example.