I uploaded this short film to youtube, and the issue shows.



At about 4:05 the issue is very apparent and glaring. What do you mean by mediainfo properties?

http://sourceforge.net/projects/mediainfo/
Post what shows in Text View.

Forgive my lack of knowledge on some of this stuff... I'm not great with the technical details

I'm getting the mediainfo

>>>We don't know what you've rendered.<<<

This is what I got when I put it into media info

General
Complete name : C:\Users\Brandon\Videos\LIMBO.mp4
Format : MPEG-4
Format profile : Base Media / Version 2
Codec ID : mp42
File size : 899 MiB
Duration : 11mn 3s
Overall bit rate : 11.4 Mbps
Encoded date : UTC 2014-01-14 10:37:33
Tagged date : UTC 2014-01-14 10:37:33

Video
ID : 2
Format : AVC
Format/Info : Advanced Video Codec
Format profile : High@L4.0
Format settings, CABAC : Yes
Format settings, ReFrames : 2 frames
Codec ID : avc1
Codec ID/Info : Advanced Video Coding
Duration : 11mn 3s
Bit rate mode : Variable
Bit rate : 11.2 Mbps
Width : 1 920 pixels
Height : 1 080 pixels
Display aspect ratio : 16:9
Frame rate mode : Constant
Frame rate : 23.976 fps
Resolution : 24 bits
Colorimetry : 4:2:0
Scan type : Progressive
Bits/(Pixel*Frame) : 0.226
Stream size : 889 MiB (99%)
Language : English
Encoded date : UTC 2014-01-14 10:37:33
Tagged date : UTC 2014-01-14 10:37:33

Audio
ID : 1
Format : AAC
Format/Info : Advanced Audio Codec
Format version : Version 4
Format profile : LC
Format settings, SBR : No
Codec ID : 40
Duration : 11mn 3s
Bit rate mode : Constant
Bit rate : 128 Kbps
Channel(s) : 2 channels
Channel positions : L R
Sampling rate : 48.0 KHz
Resolution : 16 bits
Stream size : 10.1 MiB (1%)
Language : English
Encoded date : UTC 2014-01-14 10:37:33
Tagged date : UTC 2014-01-14 10:37:33

A file that has been processed by Youtube is of no help whatsoever.

I suggested you upload an original example to a FILESHARE.
That means Dropbox, Google Drive, Mediafire, Rapidshare, etc., etc., etc., etc., etc.,
The purpose of doing so would be so we could download it, examine it, and try to replicate or suggest a workaround.
Thanks!

https://drive.google.com/file/d/0B9Xw7w90_ajTaGJneHlVWHdybDg/edit?usp=sharing

I sent my logo through vegas and added the levels (as always to get correct color) and the weird bluish-flicker came through again. If there's anything else I can do to help, please let me know.

However, I will be away this weekend on a shoot

-- There is no shadow flicker in your video. I stepped through frame-by-frame on a variety of players and the Vegas preview. This has something to do with your monitor or TV.
-- You aren't viewing on a CRT display by chance? Your video frame rate is 23.976, which is incompatible without some form of telecine.
-- Your levels filter, in this example anyway, is not applied correctly. It belongs on the output, with a blocking track added below since you are using generated media. As it is, your luminance is clipped at [0,255] which is not right for your output format (mp4). Again, those levels would wreak havoc on a CRT, but there may be something else at play here.
-- BTW, your Youtube upload didn't show any flickering here either. There was some banding around the point you mentioned ;?)

Perhaps banding is the issue I'm seeing? I'm still fairly new to the color editing so I'm new to terms as well...

How would I correctly apply the levels?

The output fx button is on the Preview. Use the Computer->Studio RGB Levels preset.
You need to place a black blocking track below everything else because you are doing generated media. Use the Solid Color media.

You are not going to eliminate banding on Youtube no matter what you do in Vegas.

Will different render settings cause more banding BEFORE youtube? I'm really interested in removing that problem, cause it makes the image look really ugly to me.

STOP........

Answer musicvid's questions in his 1/23/2014 8:30:09 PM post.

I'll add one, have you tried watching it on a different device for comparison?