Here is the VIX Fix indicator based on research by Amber Hestla-Barnhart and published in the Journal of Technical Analysis issue 69. The idea behind it was to create an indicator that leverages the power of VIX as an indicator on any security or ETF. Just like the VIX, this has an inverse correlation to the price movement. The higher and steadier the price action is, the lower the VIX Fix indicator goes.