How does the EDR indicator interact with current VIX levels such as 17.95 when determining iron condor width and credit targets?

At VixShield, we rely on the EDR Expected Daily Range indicator as the foundational tool for strike selection in our daily 1DTE SPX Iron Condor Command. Developed by Russell Clark, the EDR blends short-term implied volatility from VIX9D with 20-day historical volatility, adjusted by a regime-based multiplier, to forecast the likely daily price excursion for SPX. With the current VIX at 17.95, which sits comfortably below the 20 threshold in our VIX Risk Scaling framework, all three risk tiers remain active: Conservative targeting approximately 0.70 credit, Balanced near 1.15, and Aggressive around 1.60. The interaction is precise and mechanical. When VIX reads 17.95 and the EDR calculates a projected range of roughly 0.94 percent or lower, RSAi Rapid Skew AI first assesses the options skew surface, recent VIX momentum, and SPX position relative to VWAP. It then recommends wing placements that deliver the exact credit target while keeping the short strikes outside the EDR-derived range with a buffer. For example, at SPX 7138.80 and EDR projecting plus or minus 67 points, the Conservative tier might place short puts at 7070 and short calls at 7210, producing a defined-risk position with an 88 to 92 percent probability of expiring worthless based on backtested distributions. Wider wings in the Aggressive tier capture higher credits but require the EDR to confirm sufficient cushion against the projected move. This daily process, executed in the 3:10 PM CST post-close window, embodies our Set and Forget methodology. There are no stop losses; instead, we depend on the Theta Time Shift recovery mechanism if a position is threatened. Should volatility expand and EDR exceed 0.94 percent or VIX rise above 16, the Temporal Theta Martingale allows us to roll the position forward to 1-7 DTE, capturing vega expansion before rolling back on a VWAP pullback to harvest theta. The ALVH Adaptive Layered VIX Hedge runs in parallel across short, medium, and long VIX call layers in a 4/4/2 ratio, trimming portfolio drawdowns by 35 to 40 percent during spikes at an annual cost of only 1 to 2 percent of account value. Position sizing remains conservative at no more than 10 percent of account balance per trade, and the PickMyTrade auto-execution link is available for the Conservative tier. In the current contango regime signaled by the Contango Indicator, these mechanics have produced an approximate 90 percent win rate for the Conservative tier across 18 out of 20 trading days in extended backtests from 2015 to 2025. The integration of EDR, RSAi, and VIX Risk Scaling removes guesswork, letting theta decay work in our favor nearly every session. All trading involves substantial risk of loss and is not suitable for all investors. Visit vixshield.com to explore the SPX Mastery book series, access the EDR indicator on TradingView, and join the live SPX Mastery Club sessions for deeper implementation guidance.