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Floating cursors that aren't tied to a plot

Is it possible to use the built in cursor functionality to create a cursor that is not tied to a plot and only returns it’s own coordinates when moved? I’m replicating that functionality using shapes, but it adds a bit more work and probably slows things down. It relies on converting mouse clicks to graph coordinates manually.

My goal is to be able to move a cursor to any location, read the cursor coordinates, and do stuff with that information.