I am trying to accomplish a photoshop style overlay blend mode. And thus I was wondering if there is a way to use the composite.overlay effect on a combination of a display object and an image. Right now, as I understand it, a composite effect requires two images? However, I am planning on using one image and one display object (lets say display.newCircle). So how could I implement an overlay composite effect using one image and one display object?
I guess I could display.save() to save the display object and then use it as an image, but that would be too much. Is there an easier way to achieve this? Or any other way to achieve an overlay blend mode ?