How can I color a plot based on range of values?

I have two vectors : X and Y. 'X' contains values of size of a component and 'Y' contains their deviations from performance. I would like to plot Y vs X as points and would like to color the plot based on certain range of values. The coloring should be such that it must denote the no. of components having a particular range of deviation (For example:If I have a range X1-X6 and Y1-Y6 and I find a large no. of components falling under that category I would like to color it red and would like other colors like green, blue, orange to indicate the no.of components as the values gradually move away from the X1-X6 and Y1-Y6 ; thus showing variation in the no. of components.) I hope this is possible in MATLAB. I did search for some answers but none of them helped me.
Please help. Thank you.

Asked:

on 10 Mar 2015

Answered:

dpb
on 10 Mar 2015

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