Hello today i will show you how to create a good text effect like the one below.
start by creating a new document 500X300 and fill it with black,then use text tool to add your text in canvas (use white color)
now duplicate the text layer and go to the original layer and go to filter > stylize > wind , then use the following options
now press ctrl + f to repeat the filter,go to filter > stylize > wind again but this time make the wind from left then press ctrl + f to repeat the filter
here is how ur image should look like
now we need to apply this effect to top and bottom of text but unfortunately PS doesnt have a built in function to do it itself,so we will rotate canvas 90 degrees CW by "Image > Rotate Canvas > 90 CW",after that apply the wind effect from left then press ctrl + f to repeat,then do the same thing to apply it from right and repeat.then rotate canvas 90 CCW,here is the result u should have
now go to blending options and set color overlay (Red)
this is the final result
