Not exactly. The torch is lit before each celebration by the sun on Mount Olympus in Greece. This started in 1928, the relay started in 1936.
1928 athens olympic.
The Olympic flame signifies the value of Peace and Brotherhood which is the basis of the Olympics.
Olympia, greece
in olympia (Greece)
The oympic flame is lit at a Olympia by the sun
with fire
the begining of the ceromomy
my anis
HERA
greece
it gets lit