The most common and most likely answer to this crossword clue is the 5 letter word ARROW
I've seen this crossword clue in The Times
A
R
R
O
W
More clues leading to the result ARROW
- Weapon taking top off simple cart
- Weapon found in famous school in East End
- Missile, not wide, with top missing
- Archer’s first and last quarrel?
- School’s head confiscated weapon
- East End school, one found near Bow?
- Pointer from 'igh school?
- Pointer one wouldn't want to take to heart?
- School dismissing head — sign to show the way ahead?
- It indicates a line occupied by river
Buddy explains!

The straight part
We know that "Pointer" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case pointer = arrow.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does ARROW mean?
ARROW noun- A projectile consisting of a shaft, a point and a tail with stabilizing fins that is shot from a bow.
- A sign or symbol used to indicate a direction (e.g. →).
- A directed edge.
- A dart.
- The -> symbol, which has specific meanings in various programming languages.
- The inflorescence or tassel of a mature sugar cane plant.
- To move swiftly and directly (like an arrow)
- To let fly swiftly and directly
- (of a sugar cane plant) To develop an inflorescence.
- To navigate using the arrow keys.