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### 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.

#### Inputs

#### Spreadsheet

The spreadsheet below contains the formulas for this study in Spreadsheet format. Save this Spreadsheet to the Data Files Folder.

Open it through **File >> Open Spreadsheet**.

*Last modified Wednesday, 10th February, 2021.