I'm no expert, but I believe they are like the meters on DBS receivers: they give an indication of signal quality, not strength. The tuners have automatic gain controls that can compensate for a weak signal, as long as the S/N ratio is high enough. That's why multipath is a bigger problem for digital signals than analog. Reflected signals introduce incorrect data, and you reach a point where the error correction built in to the signal can no longer put together the correct data.