B&W overlays are very powerful because they can be transformed into any color. In Photoshop or Elements, simply add a solid color adjustment layer and apply a clipping mask. That sounds really complicated, but it's not at all. In fact it's easy, peasy. Just watch this video to see how simple it is.
Here's a support graphic for how it will look in your layers.
(Note: the only difference between Photoshop and Elements is that in
Photoshop, I can group these layers into folders to keep my layer panel
tidy. In Elements, grouping layers is more of a constraint. Grouping is
not essential, just convenient.)