Is this a new feature?

I was taking a couple of screenshots of the new Tactical Magnum, and I was using machinima mode to do so. When I pressed up on the d-pad in the button combination to access the machinima controls, I noticed it did something to my motion tracker. Whatever it did to my motion tracker, it seems to work in all modes. When you hold up on the d-pad, a little ping goes out on your motion tracker. I have no clue what it does.

they added it a few updates ago. The ping allows teammates to know where u died etc

It was added a few months ago. It shows a little icon above your head to show your position to team mates. They added the radar graphic and sound in this update to actually let you know you’re pinging.