Windows notification area arrow icon

Is there anyway to remove the arrow icon from the menubar when it is empty? I thought the arrow icon would disappear once all windows icons were gone.

I know about the option to remove all icons from the menubar but I want certain icons to popup in the menubar when I open certain apps.

Right now the arrow icon is completely empty and when clicked it opens windows settings

 

Hello ParallelsU197, That two red lines indicates Parallels Desktop application is running, Kindly quit Parallels Desktop completely then the two red lines will disappear. It will come only when Parallels Desktop is started.

 

I mean the notifications icon. Pic attached to make it more clear.

 

Yes, That two red lines in the notification bar is for Parallels, please go to Activity Monitor-->force quit the Parallels Desktop application and then check with it.

 

The down arrow right before the 2 red lines

 

If you are in coherence view, try to exit that view and re-enter then check.