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That Mercury has a square turn signal flasher that is plugged in under the dashboard.
Your turn signal flasher is likely toasted.
You can buy the replacement at any car parts store, or on-line at e-bay or Amazon.
God bless your efforts.
on most casrs, and For sure OLD cars. 90s
the OD warns you that the TCM is very unhappy
what is TCM tha that is the tranny brain.
(it shifts the tranny for you)
what we do is scan, it. in most cases its a jumper wire on a diagnostic connector, and it flashes out DTC error codes.
this is covered in the FSM, book. (factory service manual)
the operators guide tells this too, long lost im sure.
on, you actually will cause damage on the long run to the tranny if kept OD. OD is for ocassions or hills as well as heavy load to tranny performance. keep it off unless need to engine perform better at times
A blinking OD light on a Ford Explorer means that there has been a fault detected in the transmission operation, a common one is excessive slippage detected between input and output turbine shaft speed sensors, this can be a slipping trans, you may not even fell it, but it is indeed slipping, but lets not get ahead here, go to the Ford dealer and have a system trouble code scan run of the on board, this will reveal the trouble code that the blinking light has set in the computer control for the transmission and give direction to what the cause is. I am a veteran 25 year Ford factory trained dealership tech with master technician certification from Ford..