How do I make an arrow appear and disappear when the player goes on and off a sprite?

Long title, I know, but serious question. I want to have the player character overlap a sprite and have a small arrow appear above it. Then, when they walk off it, the arrow dissapears. By the way, it's platform type.

Should be fairly simple, conditions 'if player is overlapping sprite' set arrow visible (or create it above the sprite if it doesn't already exist). Then you can say 'if player is not overlapping sprite' (right click and invert event), then set arrow invisible or destroy it.

Should be fairly simple, conditions 'if player is overlapping sprite' set arrow visible (or create it above the sprite if it doesn't already exist). Then you can say 'if player is not overlapping sprite' (right click and invert event), then set arrow invisible or destroy it.

Thanks! I didn't realise that condition existed...