Hi DonVRx,
Yep. In the top dropdown menu, the right hand end of the menu an icon with a question mark "?" Hover your cursor over it and you will see Trainz help screen, click on the icon and the descriptions will be gone. The red/green arrows will also disapear but you can see them by hovering you cursor over the junction. If you are using signals that display the direction the junction is set to you will know whether the junction is set for the way you want to go before you get to the junction.
Cheers,
Bill69