Consider the following example:
[ X, Y, Z ] = peaks( 30 );
figure( 100 );
surfc( X, Y, Z );
zlabel( \'Absolute Values\' );
colormap jet;
c = colorbar( \'Loca
[ X, Y, Z ] = peaks( 30 );
figure( 101 );
surfc( X, Y, Z );
zlabel( 'Absolute Values' );
%
Z_Scl = 0.01;
Z_Bar = linspace( min(Z(:)), max(Z(:)), 10 );
%
colormap jet;
c = colorbar( 'Location', 'EastOutside', ...
'Ticks', Z_Bar, 'TickLabels', cellstr( num2str( Z_Bar(:)*Z_Scl, '%.3e' ) ) );
ylabel( c, 'Relative Values' );
For an arbitrary mapping between the z-values and the colorbar, it is possible to combine surf, contourf and contour as follows (inspired by these two great answers):
[ X, Y, Z ] = peaks( 30 ); % Generate data
CB_Z = (sin( Z/max(Z(:)) ) - cos( Z/max(Z(:)) )).^2 + X/5 - Y/7; % Generate colormap
CF_Z = min( Z(:) ); % Calculate offset for filled contour plot
CR_Z = max( Z(:) ); % Calculate offset for contour plot
%
figure( 102 ); % Create figure
clf( 102 );
hold on; grid on; grid minor; % Retain current plot and create grid
xlabel( 'x' ); % Create label for x-axis
ylabel( 'y' ); % Create label for y-axis
zlabel( 'Scaling 1' ); % Create label for z-axis
surf( X, Y, Z, CB_Z ); % Create surface plot
%
CF_H = hgtransform( 'Parent', gca ); % https://stackoverflow.com/a/24624311/8288778
contourf( X, Y, CB_Z, 20, 'Parent', CF_H ); % Create filled contour plot
set( CF_H, 'Matrix', makehgtform( 'translate', [ 0, 0, CF_Z ] ) ); % https://stackoverflow.com/a/24624311/8288778
%
CR_H = hgtransform( 'Parent', gca ); % https://stackoverflow.com/a/24624311/8288778
contour( X, Y, CB_Z, 20, 'Parent', CR_H ); % Create contour plot
set( CR_H, 'Matrix', makehgtform( 'translate', [ 0, 0, CR_Z ] ) ); % https://stackoverflow.com/a/24624311/8288778
%
colormap jet; % Set current colormap
CB_H = colorbar( 'Location', 'EastOutside' ); % Create colorbar
caxis( [ min( CB_Z(:) ), max( CB_Z(:) ) ] ); % Set the color limits for the colorbar
ylabel( CB_H, 'Scaling 2' ); % Create label for colorbar
As I wrote in your answer, I think a better choice for showing two related values is not to create a new axis for that, but to show them one near the other. Here is a suggestion:
[X,Y,Z] = peaks(30);
surfc(X,Y,Z);
zlabel('Absolute (Relative) Values');
colormap jet
Z_Scl = 0.01;
zticks = get(gca,'ZTick');
set(gca,'ZTickLabel',sprintf('%g (%g)\n',[zticks;zticks.*Z_Scl]))