Renko chart observation

Last night the 60 minute Renko was sitting at the lower BB.
Tonight the brick have not moved but the BB's did!
It's the ATR (average true range) which has me crazy.

Now it looks like it must go lower to touch the bottom BB.
But I'm just guessing.

Renko Charts LINK

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&b=5&g=0&i=p37721680279&a=138242790&r=9989.png

and so what does the craziness mean ?

Last night the 60 minute Renko was sitting at the lower BB.
Tonight the brick have not moved but the BB's did!


Hi Roger ... thanks for your Renko posts. Interesting stuff.
Your link did not point to an earlier 60m chart, but I'll take your word for it.
ATR 14 will shift everyday. Interesting that BB's depend on it.

I'm not a sub, but I'm finding two problems on 'free' Renkos from SC.
One, frequently the Renko low box shown at turns misses an even lower box that should be drawn.

Was looking at CCJ last night and recent low box shown is more than 1 box above actual low. 33.29 shown vs. 31.48 actual. With box size .75, another box should be there too beneath 33.29. Almost two.

http://stockcharts.c...id=p35909849470

Second, I can't get Box size set to ATR to vary when I vary ATR(x) setting. Box size stays fixed.