select element into a dropdown:
$('#mycolor').ace_colorpicker()
.on('change', function() {
alert(this.value);
alert(this.selectedIndex);
});
pick
which selects a color. Argument can be a string(color) or an integer(index)
$('#mycolor').ace_colorpicker('pick', '#FFAA77');//select '#FFAA77' color
$('#mycolor').ace_colorpicker('pick', 3);//select 3rd index
//or
var color_picker = $('#mycolor').data('ace_colorpicker');
color_picker.pick('#EE6699', true);
//"true" means select #EE6699 and insert it if it doesn't exist
destroy which destroys color picker and shows select element
$('#mycolor').ace_colorpicker('destroy');