Is there any way in TeX to highlight some part of a formula with a box having colored background and rounded corners?
At present, I need to export such formulas into an image, add those highlight boxes in GIMP, and import back into the document as an image. But this is a mess, and I need to redo all of that every time I change anything in these formulas :/ So it'd be better if I could mark up those fragments of my formulas in LaTeX natively. Is it possible?
I saw one example of boxes made with TikZ package, but I couldn't figure out how does it work and how to assimilate it into my own document. I don't want to make floating boxes inside a document, but just around a fragment of a formula to highlight it. (No, I cannot use text colors for that, because this text already has some colors which means something else, so I need to use background color instead.)
Edit 1 Here's the effect I'd like to achieve:

Edit 2 OK, after suggestions from A.Ellet below, I came out with the following code:
\documentclass{article}
\pagestyle{empty}
\usepackage{color}
\usepackage{amsmath}
\usepackage{fancybox}
\usepackage[usenames,dvipsnames]{xcolor}
\definecolor{My}{RGB}{0,31,63}
\definecolor{MyConst}{RGB}{128,128,128}
\definecolor{MyFunc}{RGB}{0,75,107}
\definecolor{MyIndep}{RGB}{127,55,0}
\definecolor{MySubst}{RGB}{250,230,230}
\newcommand{\const}[1]{{\color{MyConst}\mathrm{#1}}} % normal constant
\newcommand{\uconst}[1]{\mathrm{#1}} % universal mathematical constant
\newcommand{\var}[1]{{\color{MyIndep}#1}} % independent variable
\newcommand{\subst}[1]{{\colorbox{MySubst}#1}} % substitution
\begin{document}
$$\color{My}
{\color{MyFunc}\Psi} =
\const{\Psi_{_0}}\;
\uconst{e}^{\uconst{i} \left(
\colorbox{MySubst!50}{
\frac{p}{\const{\hbar}}
} % line 24
\var{x} - \frac{E}{\const{\hbar}}\var{t} \right) }
$$
\end{document}
which doesn't work. It throws errors like:
! Missing $ inserted.
<inserted text>
$
l.24 }
(I marked the line 24 with a comment.)
When I remove the \frac from inside the box and replace it by just x, it starts to work, but apparently from the formatting it seems to treat is as plain text instead of math.
Edit 3 Here's your code editted to work:
\documentclass{article}
\pagestyle{empty}
\usepackage{color}
\usepackage{amsmath}
\usepackage{fancybox}
\usepackage[usenames,dvipsnames]{xcolor}
\definecolor{My}{RGB}{0,31,63}
\definecolor{MyConst}{RGB}{128,128,128}
\definecolor{MyFunc}{RGB}{0,75,107}
\definecolor{MyIndep}{RGB}{127,55,0}
\definecolor{MySubst}{RGB}{250,230,230}
\newcommand{\const}[1]{{\color{MyConst}\mathrm{#1}}} % normal constant
\newcommand{\uconst}[1]{\mathrm{#1}} % universal mathematical constant
\newcommand{\var}[1]{{\color{MyIndep}#1}} % independent variable
\newcommand{\subst}[1]{\colorbox{MySubst}{#1}} % substitution
\begin{document}
\[
\color{My}{\color{MyFunc}}\Psi =
\const{\Psi_{_0}}\;
\uconst{e}^{
\uconst{i}
\left(
\colorbox{MySubst!50}{$\frac{p}{\const{\hbar}}$}
\var{x} - \frac{E}{\const{\hbar}}
\var{t}
\right)
}
\]
\end{document}





fancybox? – A.Ellett Dec 28 '12 at 18:47fancyboxwhich doesn't work. – SasQ Dec 28 '12 at 19:22\[...\]instead of$$...$$. The later is deprecated inLaTeX. Also, if you used some indentation, your code would be a little bit more readable. I've edited your code. The error was that you didn't switch back into mathmode within the\colorboxcommand. – A.Ellett Dec 28 '12 at 19:32