Gary D.:There is a unit out there that will do exactly what your looking for. It's kind of grayish, about as big as a medium size ball and can be very fail safe if you let it.
It's called a brain. Use it wisely and check your own air from time to time. Relying on mechanical devices to tell you where your air is will not make your dive safer. It will work the other way. The more stuff you place in the system the more fail points you have.
Just use the thing nature placed on your shoulders. It's free and easy to use.
Gary D.
That's probably the best single all purpose answer (although a hair negative) I've seen on any scuba message board.