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I had the same problem with my 1995 explorer xls. And everyone told me I needed a new transmission. I got on the internet and found a solution.

When Your overdrive light flashes. You need to see if your tranny has a place on the outside to adjust the bands on the inside. This helped mine no more problems.

Hope this helps.

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Q: What does it mean when the off light for the overdrive continuously blink on a 2003 ford explorer?
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