This should not be removed due to the increasing amount of deaf players
Ok let me get this clear, for example
A deaf person is playing minecraft he turned subtitle on
When at a cave he dont know there is a creeper near him without the arrows it's hard to run away from the creeper because he doesnt know where is it. Same as ghasts it can be very hard to locate a ghast to harvest the tears and the ghast can sneakly knock him off because the subtitle didn't show where it is.
Now let's talk about the hearing player.
At a cave he can hear a creeper hissing and know where it is and can run away if he hears the explosion. Hearing player can dodge the fireballs because he cam hear and run away.
Subtitle is purposed for deaf players they added it with PURPOSE
How about this replace the arrows woth the NEARBY word