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Almost, but not quite a guide to accessibility requirements
2 Operable

2.3.1 Three Flashes or Below Threshold

Conformance level: A
Criterion released in WCAG version: 2.0

Official description of the success criterion

Web pages do not contain anything that flashes more than three times in any one second period, or the flash is below the general flash and red flash thresholds.

What to do?

Do not include content that flashes more than three times in one second.

Why is it important?

Prevents seizures in users with photosensitive epilepsy.

Common pitfalls

While with websites it's not a common practice to include flashing content, this effect might occur due to a problem with JavaScript or CSS. In those cases, multiple flashes might happen during a page load.

How to test for it?

The flash size should not be too large. The flashing area should occupy less than 25% of any 10-degree visual field on the screen.

Red flashing is more likely to cause seizures. Especially when combined with high contrast.

Windows has a test tool: Photosensitive Epilepsy Analysis Tool (PEAT). I haven't used it myself, so I don't know how it works.

Check animations and hover effects to ensure that flashing isn't a byproduct when an effect doesn't render as intended.

More about this criterion elsewhere