[roeter]

No, not standard in Europe. Every country has it's own rules, regulations and signal aspects, in particular for complex moves in larger areas like shunt moves in stations.
In the Netherlands, trains will exit the stations in the normal direction of the main line (or, in case of bi-directional signalling, on either line provided the direction for that line is set to the exit direction). The train will reverse at a special shunt signal, or at the normal entry signal on bi-directional lines.
In the UK, trains may only exit on the line in the normal direction, and special shunt signals are provided to return into the station. At manual boxes, with semaphore signalling, this sometimes also applied, but in other locations such moves were controlled from the signalbox using green flags.
In Germany, there are often many shunt signals throughout the station throat area, so there are many options for reversal. In many areas, there are also "Halt für Rangierfahrt" (Limit of shunt) signs, trains can run out as far as these signs on shunt exit signals, and can return into the station controlled by further shunt signals.

That's just a small selection - no doubt other countries have again different rulings.

Regards,
Rob Roeterdink