Without showing a common slider selector switch or mechanical design,
one can do an All in One Tester for < $1 in volume or more depending on how fancy the box is.
It can test diodes, LEDs, continuity for Hi R < 100 Ohms or Low Ohms <100 mOhms spanning a 3 decade range. by brightness of low power and high power LED.
Features max volt drop on continuity test of 0.5V or 500mA or less max approx. (depending on choice of power LED)
since ESR of 3W LED is 300mOhm an intermittent break from 0 to 100 mOhm would cause flicker in brightess as current modulates 30% easily detected.
Same with low power LED except at 100 Ohms down to 1 Ohm brightness changes. from 8mA max
View attachment 92288
Just whipped this together, but I know it works with
Intensity controlled Resistance over 3 decades from 500 mA to 0.5 mA
Battery is Lithium CR123.
LED's are zener protected.
Resistor for LED test.
ESR shown for LO HI R test built into all LED's