Basics of PinPoint Pro
PinPoint Pro is controlled through the menu item you will find at the top of your screen, next to some of the other built-in items from macOS. To call up its Settings Window or Quit PinPoint Pro, select the appropriate option from that menu.
Selecting Pointers
PinPoint Pro can display multiple effects at once. You select which effects are enabled by using the checkboxes next to each one.
Once selected, you can still toggle each one on or off by setting a Shortcut key or using the Action menu at the bottom of the list.
Keyboard Shortcuts
To set a shortcut for each pointer, click on the pointer in the list, then set its Keyboard Equivalent at the bottom right of the Settings window.
You can also set multiple pointers to use the same Shortcut by assigning a first one to a pointer, then, for subsequent ones, select the name of the other pointer from the list.
A shortcut can be set to Toggle a pointer when it is always visible, or simply turn it on until it disappears again automatically either because you moved it or after a delay.