"Blinking yellow" vs "Steady yellow"

[Tofu]

Hello Alan, Mister Micawber, Beeesneees, Mordant, Esl_Expert and other native English speakers,

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http://support.dell.com/support/edocs/systems/dsleest/codemess.htm
Blinking yellow
Steady yellow
Steady green
Blinking green
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I understand all above, but could I ask you if these uses of the words "steady" and "blinking" are correct?

[Mister Micawber]

Yes, they sound reasonable. Or 'flashing' instead of 'blinking'.
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Native English teacher at Mister Micawber's

[Tofu]

Thank you, MM.