Okay, this is not ACD but it does use a concept from ACD. I am really starting to think that MARKET PROFILE/META PROFILE/PRICE HISTOGRAM/DEMAND OVERLAY ANALYSIS are where a trader can find true market information. Information about the market from the purest source: the market itself.

As the ACD'ers know, there is a concept that is 95% correct in giving the same Value Areas that MARKET PROFILE give, using only a few calculations. So more than 9 times out of 10 you can "see" the same range where 68.2% (70%) of price action occurred. Note most people say 70%, but one standard deviation is really 68.2%. This tool is the pivot range.

On the attached chart I have a "rolling pivot range". It actually recalculates the range every x number of bars. This is to simulate a price histogram that recalculates every 5 mins for example. Like MARKET PROFILE, when the range is narrow, we are in a tight balance area and price is being facilitated quite easily. Also like Meta/Market Profile, the "zone" create very reliable support and resistance areas.

The pink dots are another definition of a value area, this time using volume in the equation. This is sort of like using MARKET PROFILE AND LDB. When the pivot range (balance area) is inside the Value area, we have two different ways of defining a certain area converging.

The area between the end of one aqua line and the start of the next creates the Natural Trading Range (see Enthios.com). Note how price wants to trade within this area even as it is trending down.

I like the fact that there is no opening range, as this is a point of some contention with me. The pivot range concept, however does have some value ( see Charlie's charts). What do you guys think?

P.S. Place stops at the upper pink lines -really tight stops are possible. In this case, the second signal is a add on as you would still be in the first.