1. Introduction

This proposal outlines the enhancements for Version 2 of the WeWave Studio feature, aiming to significantly upgrade the user experience and analytical capabilities of the platform. The new features are designed to cater to a broader range of user needs and preferences, making pattern analysis more intuitive and data-driven.

2. Overview of New Features

The proposed V2 of WeWave Studio will include the following new features:

2.1 Advanced Backtesting with Ticker Selection

• Functionality: Users can now select a specific stock ticker (e.g., TSLA) to backtest a drawn pattern.
• Backtesting Stats: The feature will provide comprehensive statistics such as return, Sharpe ratio, and other relevant performance metrics.

2.2 Auto-Draw Feature

• Purpose: To assist users who are uncertain about what patterns to draw or analyze.
• Functionality: The studio will automatically generate and render potential patterns for user reference, based on historical data and trend analysis.

2.3 Pattern Extraction from Tickers

• Use Case: For users seeking inspiration or specific case studies.
• Functionality: Users can browse and select the price action of stocks (e.g., TSLA from January to June 2023) and use this data as a pattern for analysis.

2.4 Diverse Drawing Methods

• Expansion: Beyond the current curve drawing, the studio will support straight lines and dot connections.