You can plot vertical bars on each data point -
x = 0:0.5:10;
y = 2*sin(x);
z = 3*cos(x);
%Define the upper and lower error values
el = abs(z/10)+0.2;
eu = abs(z/5)+0.1;
figure
plot3(x,y,z, 'k-')
hold on
plot3([x;x], [y;y], [z;z]+[-el;eu], '-r')
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