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It is NOT a switch, it is a small slider which you use to indicate to yourself the state of charge of the battery - for instance if you have several batteries and you charge them all up before going out on a shoot you would set the slider so that the red dot was not showing, then as you used batteries and they became discharged as you took them off the camera you would set the slider to show the red dot - that way when you get back home you can see which batteries need re-charging, - or indeed while shooting make sure you did not put a discharged battery back on your camera.
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