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This study calculates and displays the One Time Framing - Up and One Time Framing - Down indicators for the Price Data.

Let \(H_t\) and \(L_t\) denote, respectively, the High Price and Low Price at Index \(t\). Let \(k\) denote the Arrow Offset Percentage Input.

In order to estabilsh an entry into One Time Framing, three bars are required. We denote the values of the One Time Framing - Up and One Time Framing - Down Subgraphs at Index \(t\) as \(OTF^{(U)}_t(k)\) and \(OTF^{(D)}_t(k)\), respectively. We describe the procedure for computing these values below.

One Time Framing - Up:

• \(OTF^{(U)}_t(k) = 0\) unless otherwise stated.
• A prerequisite for entry into One Time Framing - Up is that the chart be in an Uptrend. That is, we require that \(H_{t} > H_{t - 1}\) and \(L_t > L_{t - 1}\).
• Once the chart is in an Uptrend, then the chart enters One Time Framing - Up at Index \(t\) if \(L_t > L_{t - 1}\) and \(H_t \geq H_{t - 1}\). Note that the next bar must have a higher Low than that of the previous bar, but it is not necessary for it to have a higher High. In this case a green arrow is drawn at the location \(OTF^{(U)}_t(k) = L_t - \frac{k}{100} \cdot L_t\).
• The chart exits One Time Framing - Up at Index \(t\) if \(L_t \leq L_{t - 1}\) or \(H_t < H_{t - 1}\). In this case a red arrow is drawn at the location \(OTF^{(U)}_t(k) = L_t - \frac{k}{100} \cdot L_t\).
• The chart remains in a state of One Time Framing - Up inbetween any pair of adjacent green (on the left) and red (on the right) arrows drawn below the chart bars.

One Time Framing - Down:

• \(OTF^{(D)}_t(k) = 0\) unless otherwise stated.
• A prerequisite for entry into One Time Framing - Down is that the chart be in a Downtrend. That is, we require that \(H_{t} < H_{t - 1}\) and \(L_t < L_{t - 1}\).
• Once the chart is in an Downtrend, then the chart enters One Time Framing - Down at Index \(t\) if \(L_t \leq L_{t - 1}\) and \(H_t < H_{t - 1}\). Note that the next bar must have a lower High than that of the previous bar, but it is not necessary for it to have a lower Low. In this case a green arrow is drawn at the location \(OTF^{(D)}_t(k) = H_t + \frac{k}{100} \cdot H_t\).
• The chart exits One Time Framing - Down at Index \(t\) if \(L_t > L_{t - 1}\) or \(H_t \geq H_{t - 1}\). In this case a red arrow is drawn at the location \(OTF^{(D)}_t(k) = H_t + \frac{k}{100} \cdot H_t\).
• The chart remains in a state of One Time Framing - Down inbetween any pair of adjacent green (on the left) and red (on the right) arrows drawn above the chart bars.