How to show formatting characters only near the cursor?

Some modern editors (like Obsidian) have this cool feature that when you navigate the cursor near formatted text it will show the formatting characters (like \*foo\*, /bar/) and otherwise just render them without showing the formatters. I was wondering how we can do something like this in Emacs. Is there any package for this or do you guys have any tips on how I could make such a thing?

I use org-appear for this.

This seems to be exactly what I needed! Thank you! I'll go and test it :)

\`org-appear\` will do the normal formatting elements (and URLs). If you do use equations as well \`org-fragtog\` is the equivalent for maths LaTeX preview.

If you don't need the advanced functionality in org-appear, there's also a built-in option in Org to do this just with emphasis markers (like \*foo\*, /bar/): (setq org-hide-emphasis-markers t)

Thanks for the reply. I actually used the option before but problem with it is that when they are hidden editing around them is sometimes funny. Org appear is exactly what I needed :)

Thanks, my daily needs don't include using latex but I'm saving this for sure in case it changes :)