There isn't a way to change how a cursor is hilighted when it is selected. There is a workaround though. If you put your graph in a Track Mode of Plot & Cursor Events, then you will get an event for Cursor Mouse Down and Cursor Mouse Up when a user interacts with a cursor. With these events and the Mouse Move event on the plot area, you could manually move the cursor without using the built-in cursor moving options. Just set a flag with the CursorMouseDown event and set it back with the CursorMouseUp event. Then, in the MouseMove event, move the selected cursor programatically while the flag is set.
Best Regards,
Chris Matthews