How does the EDR Expected Daily Range combined with RSAi skew AI work for selecting SPX Iron Condor strikes?

At VixShield, we rely on a precise, rules-based process for strike selection in our 1DTE SPX Iron Condors that combines the EDR Expected Daily Range indicator with our proprietary RSAi Rapid Skew AI. The EDR, developed by Russell Clark and available on TradingView under ticker SPXDCP, forecasts the likely daily price movement of SPX by blending short-term implied volatility from VIX9D and 20-day historical volatility. Its formula is EDR equals VIX9D times 0.1 plus HV times 0.5, then multiplied by a regime-based factor between 0.8 and 2.0. This produces three risk-tuned strike recommendations labeled High, Medium, and Low that align with our Conservative, Balanced, and Aggressive credit tiers targeting approximately 0.70, 1.15, and 1.60 respectively. On a typical market day with SPX at 7138.80 and current VIX at 17.95, the EDR might project a 1.16 percent daily range, suggesting wings placed roughly 83 points away from the current level for the Conservative tier. RSAi then refines this in real time by analyzing the options skew surface, recent four-hour VIX momentum, and SPX position relative to VWAP. It starts with the EDR baseline, applies a skew-assessment layer, and dynamically adjusts the call or put wing first in five-dollar increments until the exact credit target is achieved, completing the optimization in about 253 milliseconds. This ensures we capture the premium the market is actually willing to pay rather than settling for statistically probable but low-credit placements. Signals fire daily at 3:10 PM CST after the 3:09 PM SPX close cascade, allowing entry in the post-close window that also serves as our After-Close PDT Shield. We maintain a Set and Forget methodology with no stop losses, relying instead on the Theta Time Shift recovery mechanism and our ALVH Adaptive Layered VIX Hedge for protection. The ALVH deploys short, medium, and long VIX calls in a 4/4/2 ratio per ten Iron Condor contracts, cutting drawdowns by 35 to 40 percent in volatile periods at an annual cost of only 1 to 2 percent of account value. Position sizing stays at a maximum of 10 percent of account balance per trade. This combination has delivered approximately 90 percent win rates for the Conservative tier across backtested periods. All trading involves substantial risk of loss and is not suitable for all investors. For deeper implementation details including video tutorials and live sessions, explore the SPX Mastery Club at vixshield.com.