Pierre De Coubertin was the founder of the modern Olympic games also the founder of the Olympic flag. On the Olympic flag there were five rings but six colours that represents the five continents. These colours represents these continents.
-The Blue Represents Europe
-The Green Represents Australia (Oceania)
-The Yellow Represents Asia
-The Red Represents America
-The Black Represents Africa
Also the Olympic flag means in different ways of goodwill, peace and truth. At the opening and closing ceremonies, the torch is lit from Olympia, Greece and transported to the hosting country ready for the opening ceremonies but also at the hosting country they will also rise the Olympic flag as the torch is transported.