Oops, sorry, disregard my previous post. I answered the question for the ActiveX Graph. For the CVI Graph, just use SetCtrlAttribute to increase the number of cursors attribute. Then you can use SetCursorAttribute to setup the cursor.
Now, here GetCtrlAttribute will give you how many cursors your graph have currently. You can increment the count and add cursor using SetCtrlAttribute with attribute as ATTR_NUM_CURSORS.