1. Open a new RGB document (I made it 300*200px) and type your text in white on a black background. Rasterize the text layer.
2.
• Select your text layer (CTRL + click on layer icon).
• Inverse the selection (Shift + CTRL + I).
• Fill the selection with black (Shift + F5).
• Hit CTRL + D to deselect.
• Now use the magic wand tool to select all letters of our text (hold down Shift).
• Use Filter --> Blur --> Gaussian Blur with a radius of 3.
3.
• Apply Filter --> Stylize --> Solarize
• Apply Auto Levels (Shift + CTRL + L) to make it look better
It should look something like this now:
Hit CTRL + D to deselect.
4.
• Use Filter --> Stylize --> Wind from the left.
• Rotate Canvas bei 90 degree (Image --> Rotate Canvas) and do it again (CTRL - F)
• Repeat until you applied wind in all 4 possible positions and the canvas is rotated back to normal position.
Now use Filter --> Stylize --> Glowing Edges with these settings:
It should look like this now:
5.Last step
Hit CTRL-U to bring up the Hue / Saturation box and choose a color similar to this:
What will you get:
credits : mix