This document discusses the theory of acid-base indicators and their use in titrations. It explains that indicators change color within a certain pH range, with examples like methyl orange changing from pink to yellow between pH 3.2-4.5. Two theories are presented for how indicators work: Ostwald's theory, where color change is due to ionization, and the quinonoid theory, where indicators exist in different tautomeric forms with different colors. Phenolphthalein is used to illustrate Ostwald's theory, changing from colorless to pink as it ionizes more in alkaline conditions. Methyl orange is a weak base that changes from yellow to red depending on whether its ionized or unionized form