Did a search found this:
Narrow Band O2 Sensors began to appear on vehicles with the advent of fuel injection in the 1980’s. Their purpose was to monitor component degradation (i.e. fuel injectors, vacuum leaks) of vehicles as they accumulated miles. Their basic job was to let the computer know whether the vehicle was running at an air/fuel ratio of 14.7:1 under idle (ideal ratio for gasoline engines), moderate acceleration, and cruise conditions, and if it wasn’t, to “trim” the injector pulse-width to either slightly lean or richen the engine. When the computer is paying attention to the input from the O2 sensor, the engine is operating in a “closed-loop” capacity. Under heavier acceleration or wide-open throttle the computer ignores the O2 sensor because it requires an air/fuel ratio other than 14.7:1, which is outside the design parameters of the sensor. This is known as “open-loop” operation. The sensor lets the computer know if the engine is running above or below 14.7:1 by sending voltage to the computer in a range between 0 and 1 volt, usually sweeping between the two extremes of this scale.
Auto Meter’s traditional narrow-band air/fuel ratio gauges are simply a voltmeter for this signal. This can be seen by the repeated sweeping back and forth of the gauge in most idle, light throttle, and cruise conditions. To summarize, a narrow band O2 sensor is only able to tell a computer (or gauge, for that matter) whether an engine is operating above or below a 14.7:1 air/fuel ratio.
