Yes, I confirm that StaticGrid let you to change image for fields like up/down.
We assume that the HTML code for the cell is something like this:
...
[SYNTAX="HTML"]<td>
<div>
<img width="20" height="8" border="0" src="images/spacer.gif" data-field="arrow" data-update="src" data-item="myItem" data-grid="myGrid" data-source="lightstreamer">
</div>
</td>[/SYNTAX]
...
and that the StaticGrid is created with this code:
[SYNTAX="JS"] // create StaticGrid
var imgDown = "images/quotes_down.gif";
var imgUp = "images/quotes_up.gif";
var myGrid = new StaticGrid("myGrid");
myGrid.setNodeTypes(["div","span","img","a"]);
myGrid.parseHtml();
...[/SYNTAX]
then your code should work fine.
Please note that It's important to call parseHtml after the setNodeTypes since the default not includes <img> type.
About # it's not very important in this case, please refer to
http://www.lightstreamer.com/docs/client_javascript_uni_api/AbstractGrid.html#extractFieldList for more details about extra subscription fields.