About the orange and green indicators in your iPhone status bar

With iOS 14, an orange dot, an orange square or a green dot indicates when the microphone or camera is being used by an app. 

iPhone with orange indicator in status bar

An orange indicator  means the microphone
is being used by an app on your iPhone.

This indicator appears as an orange square if the Differentiate Without Colour setting is on.
Go to Settings > Accessibility > Display & Text Size. 

iphone with green indicator in status bar

A green indicator  means either the camera or the camera and the microphone are being used by an app on your iPhone.

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