Answer: It depends on what the hazard is-- coivid 19 infection rate, fire, flood, storm--
In any case, if the color is red, there is probably a warning that you need to know. Get news from a local tv station, or a local newspaper's website. your city county or state or National Weather Service may have posted warnings. Get reliable information about the warning and act accordingly.
It may be to take precautions, shelter in place, or evacuate. You need to know. Listen to the news on the radio or television.
Orange usually means a dangerous situation is developing and you should prepare to take action in case the hazard becomes worse.
Yellow is caution. Be aware of conditions that may be worsening, or that areas nearby may be experiencing hazards.
Green usually means things are generally safe in your area.
Explanation: If you can post a screen shot of the area, it may help to identify the type of hazard.
I hope this is enough to help-- and that it's not actually a hazardous situation you are actually in!