Hello HASSAN BIN NASIR DAR,
Thanks for your question
Yes most of your assertions are correct.
Direction “In”: is how much traffic is received by the load balancer, not necessarily inside the load balancer. This includes requests coming from clients to the frontend IP of the load balancer.
Direction “Out”: your statement is correct but It does not measure all outgoing traffic, only traffic directed to backend resources.
See:: https://learn.microsoft.com/en-us/azure/load-balancer/load-balancer-standard-diagnostics
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Regards,
Abiola