The signal you get from the satellite or the air is analog. Not my words, but from a different thread, posted by an engineering supervisor for a broadcast station, puts it this way:
"Now on to your last question. We know NTSC, ATSC and you ask about QAM. Forget NTSC and lets back up to ATSC. (DTV). Digital televison is digital right? Well, yes and no. When it comes down to the RF signal coming down the coax into your house delivered by whatever means - off the air, cable, sat, etc. the signal at this point is ANALOG. ( I see the flaming replies now ). It is ANALOG. Unlike NTSC TV which is a video signal with a modulated chroma signal ( a sinewave a 3.58MHz) Digital TV is a WHOLE BUNCH OF SINE WAVES MODULATED REPRESENTING DIGITAL LEVELS."
The satellite signal that you are reading with your signal meter is analog, too. This is part of the reason that an analog meter is faster to give you an answer because the signal is analog. Digital meters have the "wait time" because they convert it to what it is "saying" digitally.
You will notice that the digital broadcast channels are picked up by the same antenna you used to use, only they are coming in at mostly the higher numbers of UHF signal. Cessation of the "analog" signal is not really ending analog transmission. It is about freeing up the bandwidth that the lower numbers (TV channels) represent.