Real-Time Effects and Effect Icon Colors
When real-time effects are disabled on a software-only system, effect icons have no colored dot in the Effect Palette and display a blue dot in the Timeline, indicating that they must be rendered before they will play in real time. When real-time effects are enabled, most effect icons have a green dot in both the Effect Palette and in the Timeline, indicating that they might play in real time, depending on the complexity of the effects and the sequence.
  If your system is not connected to an Avid Mojo DNA, you must render all effects before performing a digital cut. Software-only systems ignore unrendered effects during a digital cut. For example, unrendered transition effects play as cuts.
See Also
Understanding Real-Time Effects Processing
Playing Back at Different Video Qualities
Understanding Monitor Options for Real-Time Effects Preview
Understanding Real-Time Playback Information in the Timeline
Controlling Real-Time Effects Playback

Some features described in Help are available only in Avid Xpress Pro or Avid Xpress DV. For more information about Avid Free DV go to
www.avid.com.