Mean Error (ME)

Category: volatility

Calculates the Mean Error (ME) between two price sources or a price source and its estimate, representing the average bias or directional tendency of the error.

Formula

ME = \frac{1}{n} \sum_{i=0}^{n-1} (Actual_i - Predicted_i)

Inputs

• Source (default: close)
• Period (default: 100)

See signal primitives and every published strategy that uses Mean Error (ME) on WOBR StrategyVerse.