How to Change, Remove, or Restore the Shortcut Arrow Overlay Icon in Windows7 Windows8

1. Press the Windows + R keys to open the Run dialog, type regedit, and press Enter.

2. In regedit, navigate to the location below:
NOTE: If Shell Icons it is not in the left pane under Explorer, right click on Explorer, and click on New and Key. Type Shell Icons for the new keys's name, and press Enter.

Code:

HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows\CurrentVersion\Explorer\Shell Icons

3. In the right pane of Shell Icons, right click on an empty area, and click/tap on New and String Value, and name it 29.

4. Double click/tap on the 29 sting value to modify it.

5. Type in the full path of the custom .ico file within quotes, OR copy and paste the path below for what overlay icon you would like to use, and click/tap on OK.

(Transparent) %windir%\System32\shell32.dll,-50

%windir%\System32\shell32.dll,-30

%windir%\System32\imageres.dll,-154

6. Log off and on, or restart the computer to apply.