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Chronocharm of the grand master

(Magic Item Compendium, page 86)

Price (Item Level): 500 gp (3rd)
Body Slot: Throat
Caster Level: 3th
Aura: Faint; (DC 16) transmutation
Activation: Immediate (mental)
Weight:

This tiny, hollow glass flower dangles from a slim golden chain.

A chronocharm of the grand master slows your perception of time, allowing you to better dodge an incoming ranged attack. When it is activated, you gain a +5 dodge bonus to your AC against a single ranged attack.
This ability functions once per day.

CHRONOCHARM

A chronocharm occupies the throat body slot, but it can be worn simultaneously with any number of other chronocharms, which all function normally. However, you can’t wear more than one of the same chronocharm.
You must wear a chronocharm for 24 hours before you can access its abilities.
If it is taken off, it becomes inactive until worn for an additional 24 hours.

Prerequisites: Craft Wondrous Item, cat’s grace.
Cost to Create: 250 gp, 20 XP, 1 day.