Renko does not chart out every single unit of time hence why you dont see much squares on the chart despite being a ; it is more reliant on price movement. A new square will develop if there is significant price movement, this makes it easier to track the actual movement/sentiment of the price. Im still experimenting but i found it great since it clears out alot of noise; a very good attribute to have in this market.
Added the ichimoku; using this chart is showing heavy resistance at the 6800 level. Lagging span is below price which indicates weakness, we are also under the cloud and below both moving averages. My guess is we will test the blue average and resistance level at 6800.
ATR (average true range) -- means if the average between the high and the low of the day is greater than what you set, it will paint a square.
Traditional -- paints a square based on a dollar amount you set. For example: Every 10 dollars of price movement, it will paint a square.
It does all of this independent of time. In other words if the price never moves outside of your parameters, you may have what looks like an incomplete chart. The image below shows ATR set at default 14 and 100.