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@@ -13,9 +13,7 @@
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| **PineScript** | [me.pine](me.pine) |
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- Mean Error (ME), also known as Mean Bias Error, measures the average error between actual and predicted values while preserving the sign.
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- Parameterized by `period`.
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- Output range: $\geq 0$.
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- Requires 1 bar of warmup before first valid output (IsHot = true).
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- **Similar:** [MAE](../mae/Mae.md), [MPE](../mpe/Mpe.md) | **Trading note:** Mean Error (bias); positive = systematic overprediction, negative = underprediction.
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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Mean Error (ME), also known as Mean Bias Error, measures the average error between actual and predicted values while preserving the sign. Unlike MAE, ME reveals systematic bias in predictions: whether a model consistently over-predicts or under-predicts.
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@@ -179,4 +177,4 @@ Always use ME alongside MAE or MSE to get a complete picture.
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* [MAE](../mae/Mae.md) - Mean Absolute Error (magnitude only)
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* [MSE](../mse/Mse.md) - Mean Squared Error
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* [MPE](../mpe/Mpe.md) - Mean Percentage Error (relative bias)
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* [MPE](../mpe/Mpe.md) - Mean Percentage Error (relative bias)
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