I have installed Views Slideshow module 7.x.3.1.  Also, inside the sites/all/libraries I downloaded the [cycle2 plugin][1]. 
I placed jquery.cycle2.min.js into the jquery.cycle2 folder, so it is at sites/all/libraries/jquery.cycle2/jquery.cycle2.min.js.

When I tried creating a view using _Format : slideshow_, I encountered the following error:

> CYCLE OPTIONS You need to install the jQuery cycle plugin. Create a
> directory in sites/all/libraries called jquery.cycle, and then copy
> jquery.cycle.all.min.js or jquery.cycle.all.js into it. You can find
> the plugin at http://malsup.com/jquery/cycle.

![enter image description here][2]

Even after installing the cycle plugin in the libraries folder, I could not see an option for cycle2. 

Along with with views slideshow, I need  [pager effect][3] and [continuous effect][4], with vertical effect instead of horizontal effect.





  [1]: http://malsup.github.io/min/jquery.cycle2.min.js
  [2]: https://i.sstatic.net/Cnp4U.png
  [3]: http://malsup.com/jquery/cycle2/demo/pager.php
  [4]: http://malsup.com/jquery/cycle2/demo/continuous.php