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Text effects, vector graphics

I want to simulate a vintage long persistence phosphor VDU. I can do it in flash and in unity but want to know if it is possible using unreal engine 4. I don’t know enough about it to know where to start. Can UE4 do text effects? can I draw lines on the HUD? Any help appreciated.

How does UE 4 compare with Unity’s NGUI?
Thanks…