That looks ok, although you should make the EFILive "Code" field a nicer description than "4". It really should be "RPM" as that is what is displayed on the gauges and in the menus, see image.
The "Chart", "Series" and "Dashboard" values simply tell the other parts of the EFILive software where to display the data. They are automatically set when you select the attribute (i.e. parameter) for display. Each chart and series and each gauge have a unique value associated with them that can be assigned to each attribute to cause that attribute to be displayed at that particular location. (see the documentation: Reference->Requests->Attributes for a list of the values)
In the screen shot above, the RPM parameter would have its "Dashboard" value set to 9, which is the unique value for the large gauge at the top of the dashboard.
Regards
Paul