Explanation
Tip location is not an option to adjust the display settings on a tip. Tip location is a property that defines the URL of the page where the tip is displayed. Tip placement is an option that allows you to choose the position of the tip relative to the target element, such as top, bottom, left, or right. Show Tip Arrow is an option that allows you to toggle the visibility of the arrow that points to the target element from the tip. References: Working with the Editors, Creating Content