I assume you are talking about the small while loop in the upper right corner. Since it only iterates once and the shift register gets initialized with every execution of the FOR loop, the shift register makes no difference. Maybe you should place the shift register in the outer loop instead.
Instead of writing to excel, I would write to a plain tab delimited text file. If you just want to append the new data, you don't need a shift register at all, because the history is already in the file.
(... And please don't use creative colors on the diagram. The grey background makes boolean wired hard to see.)
You might also consider simplifying the code. You could use an array of tanks, for example. Having the extra indicator for each tank is also no needed. Simply right-click the tank and select "visible items..digital display". Move the digital display to the desired place and set the formatting if needed.