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Viking Wheel Signals — CSP & CC (BB + RSI Confluence)

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This indicator highlights moments when Bollinger Bands expand while RSI confirms exhaustion, creating high-probability inflection points for Wheel Strategy entries.

When price tags the lower Bollinger Band while RSI is oversold, it often signals ideal zones for selling Cash-Secured Puts (CSPs). When price tags the upper Bollinger Band with RSI overbought, it helps time Covered Calls (CCs) or anticipate when shares may be called away.

Built specifically for the Wheel Strategy (CSP + CC), this tool maps volatility contractions, expansions, and trend shifts. For best results, use on the Daily chart and combine these signals with your own key support/resistance levels to fine-tune strike selection.

Tags: volatility, bollinger bands, rsi, options trading, wheel strategy, confluence, trend analysis

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