Dash panel lights on?

[crankedup]

As a complete newbi I am puzzled as to what the lights tell me on my dash panel. I have looked through the handbook but unable to find reference to them.
On the rev counter dial situated at approx' 8/9 thousand revs two round red lights and one orange round light immeadiately above. I understand that orange lights dip out as the engine warms but not what these others on all the time tell me?

[crankedup]

My newly acquired E46 M3. Trials and tribulations of the purchase and the good advise offered on on a separate thread.

[crankedup]

^^^^^^

Thank you, all makes sense now if a little embarrassing. I would rather ask and know then assume and get it wrong.

[crankedup]

^^^^^^^
Seems wise,I will keep an eye on both.