Hi Baris;
Actually no; this effects allows you to show only one color in…color : ) Let’s call it Sin City effect. As you may remember the whole movie was in greyscale except for the red color.
But;
With Chameleon 7, you will be able to paint multiple meshes with different colors and even able to apply them different effects with the help of the new stencil masking feature! (maximum 255 of them)