October 10 / Market Study Upgrades
Updates to Market Studies: Combining Multiple Series
Hey everyone, it's time for another dive into the latest enhancements to our platform! If you've been following along, you know we're on the cusp of rolling out strategies — in the meantime, we've dropped a significant update to Market Studies, which is essentially the evolution of our legacy Market Internals tool.
This update focuses on flexibility and efficiency, allowing you to combine multiple backtests and series into a single, cohesive chart. In this post, I'll break down the new features and walk you through step-by-step instructions on how to use them.
Importing and Combining Backtests in Market Studies
Previously, Market Studies were limited to a single measurement per chart, even if you could overlay something like SPY. With this update, you can import backtests as new tabs within a Market Study and pull their series directly into your main chart. This creates dynamic, multi-layered visualizations that mimic – and improve upon – the old Market Internals setup.
Think of it as building a custom dashboard: Import signals from various backtests, overlay them, and run updates across everything with a single click. It's perfect for comparing signals, tracking correlations, or building comprehensive market overviews.
How to Import a Backtest into a Market Study
Start with an Existing Market Study: Open or create a Market Study. This will be your base chart where you'll combine everything.
Create a New Tab for Import: Look for the plus sign (+) in the interface near the tabs. Click it to add a new tab specifically for importing.
Select and Import a Backtest: In the new tab, choose to import one of your existing backtests. You'll also have the option to delete the original backtest from your sidebar after importing if you want to keep things tidy.
Confirm and Create: Hit "Create," and the system will generate the new tab containing the series from your imported backtest.
Add the Series to Your Main Chart: Now, switch back to your primary chart tab. Click "+ Series".
Select from Backtests: Navigate to the "Backtests" section in the series options. Here, you'll see the imported backtest – choose the specific series you want.
Apply and Visualize: Hit "Apply," and voilà! The new series appears on your main chart, overlaid with your existing data. You can repeat this process to add more tabs and series, creating a rich, multi-backtest view.
Smart Updates to "Run Every Day" and “Run Once”
Run Every Day or Run Once: When you click "Run Every Day" (for scheduled updates) or "Run Once" (for immediate refresh), the action applies to all tabs in your Market Study. Everything updates seamlessly, no matter how many backtests you've imported.
Optimized for Measure Trace Backtests: For Measure Trace type backtests, the update only processes the last metric day. For instance, if your backtest starts from 2022, it won't re-run the whole thing – just the latest data point. This means if you have five such backtests in tabs, a "Run Every Day" will zip through them quickly, saving time and compute power.
Strategies Integration Coming Soon
Our next major update will introduce strategy backtesting directly from the Stock Screener, and they'll slot right into the Market Studies framework:
Importing Strategies: When you import a strategy, it appears as a series representing one share of that strategy. You'll see vertical bars on the chart for key events, like rebalancing intervals.
Beyond rebalancing, expect bars for other events, giving you a clear timeline of strategy actions.
The Signal Analysis Tab shows the impact of each event on the strategy's performance.