function updateDynamicStation(entity)
    stationName = string.match(entity.backer_name, '.+|')
    stationNewName = stationName
    stationFlag = ""
    colors =
        {
            {color = "Red", value = 0, signal_name  = "signal-red"},
            {color = "Green", value = 0, signal_name = "signal-green"},
            {color = "Blue", value = 0, signal_name = "signal-blue"},
            {color = "Yellow", value = 0, signal_name = "signal-yellow"},
            {color = "Pink", value = 0, signal_name = "signal-pink"},
            {color = "Cyan", value = 0, signal_name = "signal-cyan"},
            {color = "White", value = 0, signal_name = "signal-white"},
            {color = "Grey", value = 0, signal_name = "signal-grey"},
            {color = "Black", value = 0, signal_name = "signal-black"},
        }

    if stationName ~= nil
    then
        redNet = entity.get_circuit_network(defines.wire_type.red)
        greenNet = entity.get_circuit_network(defines.wire_type.green)
        if redNet ~= nil then
            for i, signal in ipairs(colors) do
                signal.value = redNet.get_signal({type = "virtual", name = signal.signal_name})
                if signal.value ~= 0 then break end
            end
        end

        if greenNet ~= nil then
            for i, signal in ipairs(colors) do
                signal.value = signal.value + greenNet.get_signal({type = "virtual", name = signal.signal_name})
                if signal.value ~= 0 then break end
            end
        end

        for i, signal in ipairs(colors) do
            if signal.value > 0 then
                stationFlag = signal.color
                break
            end
        end

        stationNewName = stationName .. stationFlag
        if stationNewName ~= entity.backer_name then
            renameDynamicStation(entity, stationNewName)
        end

    end
end