It helps to tell the brand in your post. It seems most people don't know GMCs have a different dash from 1954.

The left (red) one is for your high beam indicator. The right (green) one is for the turn signal indicator. Your switch with indicator lights is not a factory switch.

"It's just a phase. He'll grow out of it." Mama, 1964

1956 Chevy 1/2-ton 3100
1953 Chevy 6100 "The Yard dog"
1954 GMC Suburban Now with a new proud owner.