That symbol is easy to remember, it is Grade Up and when pointing the other way it is Grade Down -and yes I did remember that from sight and did not have to look it up. See https://aplwiki.com/wiki/Grade-Up
Would writing argsort(name_of_array, reverse=True) really be so much worse? Or argsort[reverse] (made up syntax) if you want a point-free function form?
Some people prefer terseness, think of this as "advanced next-level Perl one-liners" if that helps ...
You can read more about it here if you're interested: https://www.aplwiki.com/wiki/Grade
And here's a silly example where a random array is created, then an array lookup is performed on the sorted indexes:
https://kapdemo.dhsdevelopments.com/clientweb2/#a%20%E2%86%9...
https://numpy.org/doc/stable/reference/generated/numpy.argso...
I assume this name derives from argmin and argmax, which go back at least to MATLAB. But MATLAB has sort returning indices too.