// Licensed under the Apache License, Version 2.0 // © mihakralj //@version=6 indicator("Symmetric Mean Absolute %Error (SMAPE)", "SMAPE") //@function Calculates Symmetric Mean Absolute Percentage Error between two sources using SMA for averaging //@param source1 First series to compare (actual) //@param source2 Second series to compare (predicted) //@param period Lookback period for error averaging //@returns SMAPE value averaged over the specified period using SMA (in percentage) smape(series float source1, series float source2, simple int period) => // Calculate symmetric absolute percentage error (scaled to 100%) abs_diff = math.abs(source1 - source2) sum_abs = math.abs(source1) + math.abs(source2) symmetric_error = sum_abs != 0 ? 200 * abs_diff / sum_abs : 0 if period <= 0 runtime.error("Period must be greater than 0") int p = math.min(math.max(1, period), 4000) var float[] buffer = array.new_float(p, na) var int head = 0 var float sum = 0.0 var int valid_count = 0 float oldest = array.get(buffer, head) if not na(oldest) sum := sum - oldest valid_count := valid_count - 1 if not na(symmetric_error) sum := sum + symmetric_error valid_count := valid_count + 1 array.set(buffer, head, symmetric_error) head := (head + 1) % p valid_count > 0 ? sum / valid_count : symmetric_error // ---------- Main loop ---------- // Inputs i_source1 = input.source(close, "Source") i_period = input.int(100, "Period", minval=1) i_source2 = ta.ema(i_source1, i_period) // Calculation error = smape(i_source1, i_source2, i_period) // Plot plot(error, "SMAPE", color=color.new(color.red, 60), linewidth=2, style = plot.style_area) plot(i_source2, "EMA", color=color.yellow, linewidth=1, style = plot.style_line, force_overlay = true)