What the buy and sell labels measure
TradingView assigns intrabar volume by price direction: rising intrabars are buy, falling intrabars are sell. An unchanged intrabar uses the previous close, then the previous classification if needed. This is a price-based classification of supplied volume, not a transaction-by-transaction aggressor-side record.
- A positive delta supports the statement that classified buy volume exceeded classified sell volume. It does not prove that institutions accumulated a position.
- Resting limit orders, cancellations, and queue position are different data. A footprint volume row does not reconstruct the order book.
- If a rule specifically requires trades executed at the bid or ask, verify that data and its trade-side methodology independently. Do not rename an up/down estimate to satisfy that requirement.
