Actually, it is relatively easy to do with TikZ:
Place nodes with
\tikz[baseline, rememeber picture]
\node[anchor=base, inner sep=+0pt, outer sep=+0pt] (<name>) {<text>};
The combination of baseline and anchor=base puts <text> on the already established baseline and inner sep=+0pt and outer sep=+0pt makes sure that the node (and the picture) has the same size as the actual box enclosing <text>.
Then you can use those <name>s in a TikZ path (that should be overlayed):
\tikz[remember picture, overlay]
\draw (<name 1>) -- (<name 2>);
If you often simply connect two nodes and always the last defined you can make your life easier with the macros \Tnode and \TnodeC where the latter is like the first but also draws a path to the last node defined by the first.
If you don’t want to connect the last two nodes you give a coordinate/node name after the optional arguments of the edge.
An overview:
\Tnode[<optional node options>]{<node name>}{<node math>}
and
\TnodeC[<optional node options>]{<node name>}{<node math>}
[<optional edge options>]{<alternative target node for the edge>}
Of course, you can also use to path={<anything>} inside the <optional edge options> to overwrite anything (you don’t need to use \tikztarget or \tikzstart).
For unrelated edges, you can of course just use a separated \path as described earlier.
The \TnodeC has also a starred version where the vertical dimension of the path is taken into account. (In your case this would stretch \left( … \right) which is the reason why I used \vphantom in combination with \TnodeC* but you could also just use \bigl( … \bigr).)
It is also possible to implement a syntax where the node names are enclosed in ( and ) but that makes the code slightly larger.
For various approaches to implement \ncbar see Is there a TikZ equivalent to the PSTricks \ncbar command?.
I have used my paths.ortho library and its du path operator/style but feel free to replace it with any solution you want. (The udlr/distance is measured between the border of the node and horizontal (middle) part of the path.)
Code
\documentclass{article}
\usepackage{tikz} \usetikzlibrary{paths.ortho}
\makeatletter
\def\tnode@#1#2#3{%
\node[inner sep=+0pt, outer sep=+0pt, anchor=base, name=#2, #1]{\m@th$#3$};}
\newcommand*{\Tnode}[3][]{%
\tikz[baseline,remember picture]{\tnode@{#1}{#2}{#3}}\xdef\@tnodeclastnode{#2}}
\def\TnodeC{%
\pgfutil@ifnextchar*%
{\let\if@tnodec@overlay\iftrue\expandafter\TnodeC@\pgfutil@gobble}
{\let\if@tnodec@overlay\iffalse\TnodeC@}}
\newcommand*{\TnodeC@}[3][]{%
\pgfutil@ifnextchar[{\TnodeC@opt@{#1}{#2}{#3}}{\TnodeC@opt@{#1}{#2}{#3}[]}}
\def\TnodeC@opt@#1#2#3[#4]{%
\pgfutil@ifnextchar\bgroup{\@@TnodeC{#1}{#2}{#3}{#4}}
{\@@TnodeC{#1}{#2}{#3}{#4}{\@tnodeclastnode}}}
\def\@@TnodeC#1#2#3#4#5{%
\tikz[baseline, remember picture]{
\tnode@{#1}{#2}{#3}%
\path[overlay] (#2) edge[TnodeC edge/.try,#4] coordinate (@tnodec@aux) (#5);
\if@tnodec@overlay
\path (#2 |- @tnodec@aux) -- (#2);
\fi}}
\makeatother
\tikzset{TnodeC edge/.style={
du, udlr/distance=2ex, shorten >=+4\pgflinewidth, shorten <=+4\pgflinewidth}}
\begin{document}
Gummies cheesecake gingerbread. Jelly-o applicake cupcake. Marshmallow gingerbread jelly
beans soufflé gingerbread. Sesame snaps apple pie chocolate bar chocolate gummies
jujubes.
\[\textstyle
R^{\alpha\beta} - \frac{1}{2} R g^{\alpha\beta} + g^{\alpha\beta} \Lambda =
\frac{8 \pi G}{c^4 \mu_0}
\left(
F^{\alpha\Tnode {a}{\scriptstyle\psi}}
F_{ \TnodeC {b}{\scriptstyle\psi}[blue,stealth-stealth]}
{}^{\beta} + \frac{1}{4} g^{\alpha \beta} F_{\psi\tau} F^{\psi\tau}
\right)
\vphantom{
F^{\Tnode {@a}{\scriptstyle\psi}}
F_{\TnodeC*{@b}{\scriptstyle\psi}}
}
\]
Caramels halvah apple pie cookie pastry wafer lollipop croissant jujubes. Tart cupcake
pastry. Gingerbread candy sesame snaps pastry oat cake jelly beans. Soufflé chocolate
gummi bears.
\[
\Tnode {aa}{\psi} \quad\TnodeC*{bb}{\pi} [out=30, in=150, looseness=10, <->]
\]
\end{document}
Output

pstricksis no longer needed as you loadpst-node. – kiss my armpit Sep 14 '13 at 06:30\tikzmark. http://tex.blogoverflow.com/2013/04/beware-the-tikzmark-my-son/ – percusse Sep 14 '13 at 06:56\ncbarcommand? – Qrrbrbirlbel Sep 14 '13 at 10:13