There's no way that the flashing modulator can be mistaken for the go-ahead. It flashes 4 times a second, continuously. The fact that it's flashing even when you're 1/4 mile up the road adds to this.
If anything, they'll mistake you for a LEO. On my RT (blinged out with green retroreflective stickers everywhere), if I wear my white helmet and my black textile suit, people actually react as if I'm a cop! It's awesome. I'll be flying down the freeway, going, well, a bit fast shall we say, and I'll come up behind another vehicle exceeding the posted. They see the white helmet and modulator, and the next thing you know, they're in the far right, out of your way, going the speed limit. I've even had a couple of people PULL OVER, and I just laugh as I pass them by.
I think I'll paint the bike white, next...

"At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul."