noun
hourglass pointer
Computing term for a mouse cursor that changes to an hourglass shape to indicate that the system is busy or processing.
処理中は砂時計ポインタが表示されます。
An hourglass pointer is displayed while processing.
ポインタ is a general 'pointer' or 'cursor'; 砂時計ポインタ specifies the hourglass-shaped busy cursor.
Compound of 砂時計 (hourglass) and ポインタ (pointer), a direct calque of the English computing term 'hourglass pointer'.