# Technical Studies Reference

### One Time Framing

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.