I created an action (.atn file) to transform an image into a color sketch. Feel free to download it and give it a try. I tested this action in PSE 7, 10, and 11 through 2020. It worked just fine. I believe the same will hold true for PSE 8 and 9.
If you have PSE 11 and above, load the .atn file via either the Actions panel or the Effects panel.
If you have PSE 7 through 10, you need to install this action so that it can be accessed via the Action Player (Guided Edit>Automated Actions>Action Player).
Windows: C:\ProgramData\Adobe\Photoshop Elements\x.x\Locale\en_us (or your locale)\Workflow Panels\actions
Mac: Hard Drive>Library>Application Support>Adobe>Photoshop Elements>x.x>Locale>en_us (or your locale)>Workflow Panels>actions
The results will vary depending on the nature and size of your image. I tested different sizes (in pixel dimensions). The best results were obtained when using images of about 2000 px and above on the shortest side.
This latest version includes a blank layer to allow the user to add a texture of his/her choice.
This action is now called . . .Sepiana-Fotofrank’s Color Sketch.fotofrank 's expert help with the recording of this action raised it not just another level but several levels. So, giving credit where credit is due. Thank you, Frank! I owe you one.