Just hoping someone could give me a hand with this diagram. I would like to know which wires need to be connected on the ignition switch to make the bike ‘live’. I am wanting to replace the bulky keyed ignition with a neat idea for a simple on/off switch that I have.

From this diagram, I am assuming that b/w and b/y are connected and then a switch could be added to connect all of the others. That doesn’t seem correct. I just don’t know how to read this diagram properly.

Any help is appreciated.