See this example
This was created in matlab by making two scatter plots indepe
Use the transparency capability of color descriptions. You can define a color as a sequence of four 2-byte words: muddy <- "#888888FF" . The first three pairs set the RGB colors (00 to FF); the final pair sets the transparency level.
Using ggplot2 you can add together two geom_point's and make them transparent using the alpha parameter. ggplot2 als adds up transparency, and I think this is what you want. This should work, although I haven't run this.
dat = data.frame(x = runif(1000), y = runif(1000), cat = rep(c("A","B"), each = 500))
ggplot(aes(x = x, y = y, color = cat), data = dat) + geom_point(alpha = 0.3)
ggplot2 is awesome!
This is an example of calculating and drawing a convex hull:
library(automap)
library(ggplot2)
library(plyr)
loadMeuse()
theme_set(theme_bw())
meuse = as.data.frame(meuse)
chull_per_soil = ddply(meuse, .(soil),
function(sub) sub[chull(sub$x, sub$y),c("x","y")])
ggplot(aes(x = x, y = y), data = meuse) +
geom_point(aes(size = log(zinc), color = ffreq)) +
geom_polygon(aes(color = soil), data = chull_per_soil, fill = NA) +
coord_equal()
which leads to the following illustration:

You could first export the two data sets as bitmap images, re-import them, add transparency:

library(grid)
N <- 1e7 # Warning: slow
d <- data.frame(x1=rnorm(N),
x2=rnorm(N, 0.8, 0.9),
y=rnorm(N, 0.8, 0.2),
z=rnorm(N, 0.2, 0.4))
v <- with(d, dataViewport(c(x1,x2),c(y, z)))
png("layer1.png", bg="transparent")
with(d, grid.points(x1,y, vp=v,default="native",pch=".",gp=gpar(col="blue")))
dev.off()
png("layer2.png", bg="transparent")
with(d, grid.points(x2,z, vp=v,default="native",pch=".",gp=gpar(col="red")))
dev.off()
library(png)
i1 <- readPNG("layer1.png", native=FALSE)
i2 <- readPNG("layer2.png", native=FALSE)
ghostize <- function(r, alpha=0.5)
matrix(adjustcolor(rgb(r[,,1],r[,,2],r[,,3],r[,,4]), alpha.f=alpha), nrow=dim(r)[1])
grid.newpage()
grid.rect(gp=gpar(fill="white"))
grid.raster(ghostize(i1))
grid.raster(ghostize(i2))
you can add these as layers in, say, ggplot2.
AFAIK, your best option with Matlab is to just make your own plot function. The scatter plot points unfortunately do not yet have a transparency attribute so you cannot affect it. However, if you create, say, most crudely, a bunch of loops which draw many tiny circles, you can then easily give them an alpha value and obtain a transparent set of data points.