<h2>Mean</h2>
<p>The <strong>mean</strong>, also known as the average, is a fundamental statistical measure used to summarize a dataset's central tendency. It's calculated by summing all the data points and then dividing by the number of data points.</p>

<h2>How It Works</h2>
<p>The formula for calculating the mean is:</p>
<table>
<tbody>
<tr>
<td><code>Mean = (Sum of all data points) / (Number of data points)</code></td>
</tr>
</tbody>
</table>
<p>For example, if you have the dataset [2, 4, 4, 8, 12], the mean is calculated as follows:</p>
<ul>
<li>Sum of data points = 2 + 4 + 4 + 8 + 12 = 30</li>
<li>Number of data points = 5</li>
<li>Mean = 30 / 5 = 6</li>
</ul>

<h2>Why It Matters for Traders</h2>
<p>The mean is a crucial tool for traders as it helps to:</p>
<ul>
<li>Identify trends and patterns in historical data</li>
<li>Make informed decisions about entry and exit points</li>
<li>Compare performance metrics, such as returns or volatility</li>
</ul>
<p>On the <strong>MetaTrader 5</strong> (MT5) platform, traders can use the built-in <strong>MT5 Indicators</strong> to calculate and visualize the mean, helping them to analyze market data more effectively.</p>

<h2>Example</h2>
<p>Suppose a trader wants to analyze the daily closing prices of EUR/USD over the past month. The dataset is as follows (in pips): [1.1850, 1.1865, 1.1840, 1.1870, 1.1855, 1.1860, 1.1845, 1.1858, 1.1863, 1.1852].</p>
<p>The mean closing price is calculated as:</p>
<ul>
<li>Sum of data points = 1.1850 + 1.1865 + ... + 1.1852 = 11.9970</li>
<li>Number of data points = 10</li>
<li>Mean = 11.9970 / 10 = 1.1997</li>
</ul>
<p>This tells the trader that, on average, the daily closing price of EUR/USD over the past month was 1.1997 pips.</p>

<h2>Key Takeaways</h2>
<ul>
<li>The mean is a simple yet powerful statistical measure that helps traders identify central tendencies in data.</li>
<li>Calculating the mean involves summing all data points and dividing by the number of data points.</li>
<li>The mean is a valuable tool for traders, enabling them to analyze market data, identify trends, and make informed trading decisions.</li>
<li>MetaTrader 5 offers built-in indicators that can help traders calculate and visualize the mean.</li>
</ul>