It means that you have a fault in the transmission's electronic control system. A constantly blinking light means an active fault that is ongoing. You need to hook up a scanner to read the code, or disconnect and reconnect the battery to see if it will reset. but more then likely its a speed sensor plug vary common problem
On the end of your gear selector lever ( PRN etcetera ) is the transmission control switch . Overdrive is the normally allowed position , but when you turn the overdrive off ( the O/D OFF light will light up just above and to the right of the speedometer and if you have the digital dash it will show " overdrive off " to the right of the speed indicator )
On a 1997 Ford Expedition : It may not shift into overdrive until you are travelling around 50 MPH (80 Km/H) and you will see the RPM on the tachometer drop. * If the overdrive has been SWITCHED OFF using the switch on the end of the gearshift lever, then OFF will light up near the end of the gearshift lever.
Yes , it won't shift into overdrive anyway until about 50 miles per hour So , if you are in the city or you are towing something , or if you are driving in hilly country where the transmission keeps downshifting it is best to switch the overdrive off ( in which case the O/D OFF light will light up in your dash ) *** If you haven't switched the overdrive off and the light is flashing or lit up continuously take the vehicle in to a professional to have it checked ***
Anytime you don't want the transmission to shift into overdrive * if you are towing something , or if you are driving in hilly country where the transmission is constantly shifting between drive and overdrive , you can use the button on the end of the gearshift lever on your 1998 Ford Expedition to shut off the overdrive ( the word OFF will light up on the end of your gearshift lever )
Are you sure you don't mean OD off light? If so, that means that the overdrive gear in your transmission is not activated. On automatic transmission models there is a button on the end of the shift lever which controls whether the transmission is in overdrive or not. Push in on this button - the light should go out and overdrive will be activated (which will definitely give you better gas mileage).
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