I am also experiencing this issue. I have isolated the issue to the computer and not docking station as still issues when directly plugged into monitor. The displays work perfectly when computer is left open but once computer is closed then it will start glitching and searching for signal every 2 seconds. I have changed all battery settings to ensure that it isn't a sleep setting issue to no effect. Please help as there were no issues running on Catalina.
MacBook Pro 2017 MacOS Big Sur 11.1 2.0 GHz Intel Core i7 16 GB Intel HD Graphics
Two Dell U2718Q 4k monitors
MediaGear 5K docking station which has been upgraded to Big Sur compatible DisplayLink software