To dynamically activate cursors on a graph control you must set the appropriate number of cursors needed with the statement:
SetCtrlAttribute (panelHandle, PANEL_GRAPH, ATTR_NUM_CURSORS, numCurs);
After this, you can set the appropriate attributes for the cursors with:
SetCursorAttribute (panelHandle, PANEL_GRAPH, 1, ATTR_CURSOR_COLOR, VAL_RED);
In any case you may customize your cursors in the UIR editor, next put number of cursors to 0 before saving the UIR: the cursors will not be shown until you set their number as I showed you before.
Plot value at the cursor position can be obtained with:
GetGraphCursor (panelHandle, PANEL_GRAPH, 1, &x, &y);
Your graph must not be in indicator mode to be able to process cursor events.