Creating a new Icon Set in Android Studio?

In Eclipse there is File|New|Android Icon Set... How do I do the same in the Android Studio?

How can I create my own Android icons?

To create a custom app icon, you'll need a third-party launcher app like Nova Launcher, which is one of the most popular. Launch the app and quickly go through the setup stage. Once you're done, find the app you want to set a custom icon for and long-tap on it. From the menu that pops up, select “Edit.”

The Asset Studio is integrated in Android Studio 0.4.0 and later. To create a new Android icon set, right click on a drawable folder and invoke "New > Image Asset".

Via: Android Studio 0.4.0 Released