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In this Excel tutorial (Metric Number 1204), the presenter explains how to use icon conditional formatting to indicate changes in error trends between two days using arrows. Users will create a system where an upward arrow signifies a decrease in errors, a downward red arrow indicates an increase, and a yellow sideways arrow shows no change. To implement this, numbers 0, 1, and -1 will be assigned to represent the different outcomes. The presenter suggests using the formula that subtracts the earlier day's errors from the later day's errors to generate these values, ensuring a consistent representation of trends in error data. The tutorial includes a reference to an earlier Excel technique for efficiency.