The Black Arrow tells the story of Richard (Dick) Shelton during the Wars of the Roses: how he becomes a knight, rescues his lady Joanna Sedley, and obtains justice for the murder of his father, Sir Harry Shelton. Outlaws in Tunstall Forest organized by Ellis Duckworth, whose weapon and calling card is a black arrow, cause Dick to suspect that his guardian Sir Daniel Brackley and his retainers are responsible for his father's murder.