This script works based on everget's version of Ehler Stochastic Cyber Cycle. Unlike everget's work, my adaptation prints only crossovers into the chart that occur above or below the overbought/oversold zone.
You can find everget's script with all related documentation here
I didn't change the calculation, I only reinvented how it is presented on the chart and added alerts.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.