Sure! I'm assuming if we have the means to fake the one turbulence, we can also cancel the other. Or the arrow is just not moving, thus no "natural" turbulance to cancel.

I'm not saying that air turbulence wasn't a very strong indicator for motion! And I am not sure the technology to fake them completely does exist. But I don't see why it shouldn't be possible, maybe with a very elaborate set of fans, air ducts and loudspeakers.