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Capture icon and adjust alpha
Converter captured icon to transparent icon
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Capture icon and adjust alpha
Capture icon from screen and converter it to transparent icon.

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More screenshot:

Main Form:

 

Icon Editor:

Resize Icon: Select transparent color:
Picture to icon - Resize Icon Picture to icon - select transparent color
Edit Icon: Covert icon color bits:
Picture to icon - Edit icon Picture to icon - Covert icon color bits

Capture Screen
Picture to Icon - Capture icon from screen


Icon List View:
Picture to icon - Extract icons