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Unlike within the wider LGBT communities worldwide which have adopted the Rainbow flag, the various transgender individuals, organizations and communities around the world have not coalesced around one single flag design. Instead there are several flags used and endorsed by the varying transgender individuates, organizations and communities. There have even been, and continue to be, alternatives to these flags suggested. The varying flags have been and continue to be used to represent transgender pride, diversity, rights and/or remembrance by transgender individuals, their organizations, their communities and their allies.
Transgender flags in use today
There are several flags used and endorsed by the varying transgender individuates, organizations and communities.
Transgender Pride flag
The most prominent  of these flag designs is known as the "Transgender Pride flag" which is a symbol of transgender pride and diversity, and transgender rights.
Helms describes the meaning of the transgender flag as follows:
It was flown from the large public flagpole in San Francisco's Castro District (where the rainbow flag usually flies) for the first time on 19 and 20 November 2012 in commemoration of the Transgender Day of Remembrance. The flag-raising ceremony was presided over by local drag queen La Monistat.
In Ontario a design known as the "Trans Flag" created by Ottawa Graphic Designer Michelle Lindsay. It consists of two stripes, the top in Sunset Magenta representing female and the bottom in Ocean Blue representing male with the transgender symbol centred in white overlaying them. The Trans Flag was first used by the Ottawa area trans community for Ottawa's 2010 edition of the Trans Day of Remembrance. As part of this remembrance an unveiling ceremony by the Ottawa Police featuring an unfurling/flag Raising using this flag occurred. This ceremony was repeated during the 2011 Ottawa and Gatineau editions of the Trans Day of Remembrance, this time joined by the Ottawa Paramedics, Ottawa City Hall and Gatineau City Hall also raising the Trans Flag during their own ceremonies. The list of groups doing official banner unfurling/flag Raising of the Trans Flag in the Ottawa-Gatineau aria as part of their Trans Day of remembrance has grown each year. The Trans Flag has also been used as part of the Peterborough Pride Parade.
Israeli transgender flag
Alternative transgender flag designs
Over the years several transgender flags have been adopted by various transgender individuals, organizations and communities. There have even been, and continue to be, alternatives to these flags suggested.
In 1999 Captain John designed a flag for those within the transgender community that identify as transsexual. This flag consists of seven stripes alternating in rosy pink and light blue separated by thin white stripes and featuring, in the upper left hoist, a twinned Venus and Mars symbol ("⚥") in pink (a "bluer" shade than the pink stripes).
In 2002 Jennifer Pellinen created a transgender flag  that has from top to bottom, stripes in pink, light purple, medium purple, dark purple, and blue. The pink and the blue stripes represent female and male. The three purple stripes represent the diversity of the transgender community and genders other than female and male. The flag is public domain.
In 2012 Spokane Trans created their own version of the transgender flag. They describe it on their web site as follows: "The top two stripes represent male (blue) to female (pink). The purple represents non-binary and genderqueer people (as the genderqueer flag colors are green, white and purple) the thin white stripe represents all people as well as the “line” trans* folks cross during their transition. Then the female (pink) to male (blue) along the bottom."