Hello, I'm Brandon.
The belts have nothing to do with the light you described.
Basicallywhat it means is the traction when the car is out of traction the thing flasheswhen you have traction again the sign goes away. It does not mean there issomething wrong with the engine. You can turn it off by pushing the DSC button once and the sign will stay on.Then you will have limited assisted traction control. You can also hold the DSC button down and the sign will come on and the brakelights will also come on. This means the car has absolutely no tractioncontrol and you have to be very carefully if you are not familiarwith how your car drives and handles.
Let me know if you have further questions. I will be online until 5pm.