When waved by the starter the white flag indicates that a driver is entering the last lap of practice, qualifying or a race. As soon as a red flag is shown, drivers must come to a stop as quickly and safely as possible. The red flag generally is preceded by waving yellow flags.

A red flag often means the track has been completely blocked by an accident or debris and there is no safe route through the problem. These conditions can range from weather problems to accidents to surface problems such as oil on the track. When a race is 'red flagged' it is stopped due to some condition that has made the track unraceable. Drivers must be prepared to stop and cannot pass, although they can close the distance to the car immediately in front. A waving yellow flag indicates immediate danger ahead. Drivers must slow and refrain from passing. When it is held stationary it is an indication that there is a problem ahead.

The yellow flag is the signal for caution. The green flag also is an indication that the course is clear of any obstacles or debris. It is waved after a caution to tell the drivers that the race has been restarted. The green flag is waved by the starter to indicate the beginning of a race, qualifying or practice session. The following guide to racing flags includes the most commonly used meanings. While many of the flags have similar meanings, there are variations from track to track.

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