In this tutorial we’re going to create a very simple dark colorful text effect. We will use the “the maple origins font”.

Below there is the final result :

Start by creating an empty file with a black background. Create a new layer and write something on it (White text). Rasterize and duplicate the layer. Now you should have the black background, layer 1 and layer 2 both with your text on them. Hide layer 2 and select layer 1:

Now go Layer -> Layer Style -> Gradient Overlay and create a Gradient like the image below using the Hex Values for colors as the ones below:

Apply the gradient and stay on the same layer. Now go to Filters -> Blur -> Motion Blur set the Angle to 0 (zero) and the Distance to 50 pixels. Apply the effect and duplicate the layer. You must end up with something like this:

and have the following layers:

Select the second layer from bottom (the one after the background) and go to Filters -> Distort – Waves and set the following values:

Apply the effect, duplicate the layer and flip the new layer vertically. The result should be something like the image below:

Now, let’s reveal our top layer which is the white rasterized text and set it’s blend mode to Overlay. So, your layers now should be like that:

and your PSD should look like:

Duplicate our top layer (white text) and set the Blend Mode to Overlay. By setting higher values to the Hue/Saturation adjustment layer we can get the following result.

Credit: webtoolkit4.me