From Nenad Hrg:
PointerStick is a portable tool that presents on the Windows Desktop a virtual pointer stick, for example for Presentations to highlight the current mouse position and the emphasis on presenting will be better. It features very Small Program, low CPU usage, adjustable size of Pointer Stick, several Pointing-Stick textures (bitmaps), optional alpha transparency, and optional deactivation by mouse or keyboard input, optional translation feature, portable, and multilingual.
What's new in this version:
Version 2.22 contains small adjustments for Win 8.1 and added Persian languages.