This guy is asking for help. Let’s try to offer aid without attitude. We all have questions.
I took his post to mean that he's sitting at a light wanting to turn. He hits the signal, it flashes three times then turns off. If that's the case, then he clearly has a problem. If, on the other hand, he's moving and the distance or speed parameters are met, then there's his answer.
As he also admitted that bike was indicating a fault code for the faulty rear wheel speed sensor, ABS or ASC fault indication. The input from these sensor control the flashing of the signal lights. The bikes diagnostic system was indeed indicating the problem and it is covered in the Riders Manual page 27.
ABS error
ABS indicator and warning light lights up.
Possible cause:
The ABS control unit has detected an error.
The partial integral brake and the Dynamic Brake Control function have failed. The ABS function is not available.
Continued driving is possible, provided you take into account that the function is not active. Observe additional information on situations that can lead to an ABS fault (

75).Have the malfunction corrected as soon as possible at a specialist workshop, prefer- ably an authorized BMW Motorrad retailer.
ASC intervention
ASC indicator and warning light flashes
quickly.
ASC has detected instability at the rear wheel and responded by reducing the torque. The ASC indicator and warning light flashes longer than the ASC intervention lasts. This feature continues to provide the
rider with visual feedback confirming that the system has initiated active closed-loop intervention even after the critical situation has passed.
ASC self-diagnosis not completed
ASC indicator and warning light flashes.
Possible cause:
ASC self-diagnosis not completed
min 3 mph (min 5 km/h)
Ride off slowly. It must be noted that the
ASC function is not available until the self- diagnosis has been completed.
ASC switched off
ASC indicator and warning light lights up.
Possible cause:
The ASC system has been switched off by the driver.
Switching on the ASC (

46).
ASC error
ASC indicator and warning light lights up.
Possible cause:
The ASC control unit has detected a fault. The ASC function is not available.
You may continue driving. Note that the ASC function and the dynamic engine brake control are not available. Observe additional information on situations that can lead to a ASC fault (

75).
Have the malfunction corrected as soon as possible at a specialist workshop, prefer- ably an authorized BMW Motorrad retailer.