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How to make an on-screen infographic anchored to a fixed mesh point

I’m quite new to unreal engine development and I’m wondering how one could achieve an on-screen rendered menu always pointing to a fixed mesh point.

In order to provide a better explanation, please take a look at the following image of what I would like to achieve:

The black circle, line and text is what I need to draw. If I move the character or the camera away, the circle must always encompass the character’s forearm.

Any link to tutorials/resources is also welcome

I solved my problem, take a look here if you’re having the same one.