lol...well said. Its interesting to know that it is adaptable to a trader's own style. I'm just really curious to know if the A or C values are calculated off ADR or ATR values and what deviation from it? I'm getting a feeling that being a perfectionist is not an edge when applying the ACD method successfully
I guess alot of it depends on what you are trading. Also ask yourself what does ACD represent and how can it help in my trading? ACD is a lens to view market volatility. Markets tend to have certain characteristics...range expansion, momentum, mean reversion. You are trying to capture that behavior. If you are playing breakouts in CL you would want to use an OR small enough that captured the price discovery period, but big enough that it still kept you out of noise. I've used ATR for my A and C levels and they work very well. They work very well in commodities and the indices, less so in some illiquid stocks.
Hahaha you better copyright this stuff! Also it's funny that some people are in this thread and don't even know what ACD is. A quick google search and 15 minutes would provide a general idea.
Here are the overnight moves in FX. The Euro popped all the way to the failed A up at 1.3458 and then traded down through the A down. The Aussie actually made an a Up and traded back down into the pivot. The strength in the Aussie guys is very impressive.
ES sells off hard on the summit news and comes in 20 handles. Where does it stop? At the weekly A down! Let's see if this 1245 level holds.