What does this traffic sign indicate?

This traffic sign indicates that there is a level crossing ahead. Specifically, it warns drivers that they are approaching a railroad crossing where they should be cautious. The presence of the two red diagonal stripes signifies that the crossing is approximately 160 meters away.

In German traffic regulations, it is important for drivers to recognize such signs to ensure safety, allowing them to slow down and be prepared for potentially stopping for a train. Understanding these signs is crucial to prevent accidents and ensure compliance with traffic rules. Always approach level crossings with caution and be prepared to stop, as trains can be faster and quieter than expected.