Open a New Document of 1280 x 1024 Pixels.
 Create a new layer and fill it with any color and open blending options and fill it with Radial Gradient as shown.
Now you have something like this
 Now Add Some text
 Open Blending Options and set its settings as given
 Now Download this Pattern and save it in Photoshop Patterns.
 Now Open Blending Options and set these settings
its Done…You Can Change Color of your 2nd Text layer.
Thanks for Reading…!!!