Below is a comparison of 60-minute Renko, Three-Line Break Point and Traditional Bar Charts. This is a little tricky, ergo the "Advanced" label in tonight's Blog title. If these seem too confusing or esoteric, don't worry about it. The significance here is in the nuances that are probably only recognizable by those well steeped in technical analysis. In any case, the charts should be viewed in full screen mode by clicking the image below.
To get things started, note how all three formats nailed today's 21.92 point SPX rally. I'll leave the rest to you're collective vision, observation and ingenuity.