Dollar Volume Ownership Gauge

Purpose:
DVOG tracks the real money moving through a ticker by converting share volume into dollar volume (price × volume). It helps identify when institutional-sized players enter, defend, or unload positions — information that plain volume bars often hide.

How it works:

Each bar represents 4-minute aggregated dollar volume.

Green bars = moderate sponsorship ($400 K–$1 M per 4 min).

Red bars = heavy sponsorship ($1 M+ per 4 min).

Black bars = normal retail flow (under $400 K).

Optional horizontal guides mark both thresholds for quick reference.

Alerts:

Green Bar Alert: fires every time a bar exceeds $400 K, signaling fresh institutional activity.

Cross Alerts: trigger once when dollar volume crosses the $400 K or $1 M levels, perfect for automation or notifications.

Why it’s useful:
DVOG visually confirms when a breakout, knife-and-reclaim, or coil is being driven by real capital rather than low-liquidity noise.
It turns abstract volume into a direct measure of who’s actually in control.

Recommended use:
Run it in a separate pane below price. Combine with your normal structure analysis — higher lows, double bottoms, coils, etc. — and act only when structure and sponsorship line up.