Ok, so I have looked through the forums and I cannot find an updated list of what the community reads each of the default signal flags as. So I guess I would love to hear some thoughts on what y'all think. I have been playing since launch and I've always put some stock into flags as a signal of player intentions (with a healthy amount of caution, of course).
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What do each of the flags mean to you when you see them on the horizon?
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Do you even pay attention to the flags/ do they affect whether you approach a ship or steer clear?
From my experiences--
Alliance Penant: On the nose- looking for an alliance, perhaps a wolf in sheep's clothing.
Bilge Rat Adventure Flag: Hunting player immortalizations, skellie thrones, sometimes tall tales. Good crew to potentially share a grog with.
Black Flag: (Undetermined)
Blue Flag: (Undetermined)
Checkered Flag: Up for a race (for the achievement).
Flag of the Reapers Mark: Down for PVP, Reaper Commendations.
Jolly Roger: Playing as a pirate, steer clear.
Rainbow Flag: Friendly crew.
Red Flag: (Undetermined)
White Flag: New player, peaceful player.
Yellow Flag: Banana Enthusiast? (Undetermined)
These are just what I interpret some of the default flags as, and what I have experienced from players running them. Please reply with your own interpretations or experiences- I've always wondered if there is a community-agreed upon flag code. And if there are any purchasable flags that have a meaning, feel free to share that as well.
Happy Sailing