The MT5 Turning point indicator shows the trend direction of the currency pair on which you use it.

Arrows indicating the direction appear 1 bar before the current bar.

The red down arrow shows the predominance of bears in the market, which is characteristic of the downward movement of the market.

The yellow up arrow shows the predominance of bulls in the market, which is characteristic of the upward movement of the market.

When changing the TF, the indicator will be removed and each time the construction will start from scratch, this is done so that the arrows of one TF do not overlap with the arrows of the other and there is no confusion.