This dialog allows you to assign the colors shown in the configuration diagram to the features they represent. It is called by the View, Colors... menu item. This dialog allows you to allocate your own colors for warnings and status.
The status colors remain in effect on the diagram as long as the view contains only objects that were visible at the time of the last status refresh. The status time stamp in the status bar reflects this time. However, as soon as the view changes to include objects that were not visible when the time stamp was updated, then the coloring (and the time stamp) will be cleared.
This means that you can filter the diagram to show a large set of objects (e.g. all DASD in the active sysplex), invoke Refresh, Status once, and then switch back and forth between this larger view and views that show only subsets (e.g. use F4 to crop to one controller, and then F3 to go back to the larger view) without invalidating the status information. As soon as another object is shown in the view (e.g. a tape controller), then the colors and the status time stamp will be cleared, and "Refresh Status" would have to be issued again to show the status colors.