One of the best ways that may help you to create a glittering text effect in Photoshop is by using the combination of layer rasterizing, the text stylizing filter, and image mode function. Generally, all versions of Photoshop have almost the same features and functionality for basic graphic designing works. In this tutorial, I used Adobe Photoshop CS6. However, on the other Photoshop versions, this tutorial might work too. The following tutorial will guide you step by step to create a glittering text effect in Photoshop.
Create a Glittering Text Effect in Photoshop CS6
Follow the following easy steps on how to create a glittering text effect in Photoshop.
Step 1: Prepare a New Canvas in Your Photoshop
Basically, to create a new canvas in Photoshop to start a graphic designing work, go to File → New, or you can simply press Ctrl + N on your keyboard.
Then, the width of the canvas would be 800 x 600 Pixel, but you can set it as you want. However, you can make it your own width that is according to your wish.

Step 2: Giving Background Color to the Canvas
Now you can give any color to the background of your canvas using Paint Bucket Tool (G). In this tutorial, the canvas background color would be black.

Step 3: Add Text to the Canvas
Use Type Tool (T) to add some texts to your work canvas. Here I use the following character values: Font: Pertua Titling MT, Size: 72 pt, Color: faf5f3. After finish adding the texts, press Ctrl + Enter to commit the Type changes.
Step 4: Rasterize the Text
To rasterize the text, right-click on the text layer and then click Rasterize Type. Take a look at the picture below how to rasterize a text in Photoshop.
Step 5: Give Wind Effect to the Text from the Left and Right
To give Wind effect to the text, on the Menu go to Filter → Stylize → Wind.

At this step, you need to give Wind effect to the text twice, firstly from the left (press Ctrl + F if you want to expand the wind effect) and secondly from the right. To explain, “Ctrl+F” is a shortcut or one of the quick functions in Photoshop to repeat the last used effect.



Step 6: Give Wind Effect from Above and Below
To give a wind effect from above and below, firstly you need to rotate the text 90cw. In order to rotate 90cw, go to menu, click Edit → Transform → 90cw. Then, repeat the same way you were giving Wind effect as step number 5. After you have given the Wind effect, then go to menu, click Edit → Transform → 90ccw the result would be like the following image.
Step 7: Change the Image Mode to Grayscale
At this step, you are going to change the image mode to Grayscale. To change the image mode, go to menu, click Image → Mode → Grayscale. Look at the following image to preview how to change the image mode to grayscale in Photoshop.

Step 8: Change the Index Color of the Image
After changing the image to Grayscale Mode, now you are going to change the image again to Indexed Color. Go to menu, click Image → Mode → Indexed Color. Then, go to the same direction again, after clicking Mode, now you click the Color Table and choose Black Body (Image → Mode → Color Table → Black Body ).

Finally, the following image is the final result.
