Adobe Photoshop / Light & Shade Text Effect

  1. Create a gradient layer of dark gray and darker gray
  2. Type text in gray-ish blue
  3. Apply Gradient Overlay - Blend Mode: Screen, Gradient: Dark gray to Transparent, Angle: -30
  4. Duplicate the text and remove the Layer Style
  5. Change the text color to black and move down and to the right by 1 px each
  6. Repeat the previous step until the text gets the depth
  7. Apply Motion Blur - Angle: -30, Distance: 30px
  8. Set the layer to Multiply and lower Opacity to 40%
  9. Adjust the position
  10. Select the text area
  11. Create a new layer and fill the selected area with white
  12. Deselect and reselect the text area
  13. Move down and to the right by 1 px and delete the selected white area
  14. Create a new layer and make white stripes
  15. Filter > Blur > Gaussian Blur - Radius: 5px
  16. Set the blurred layer to Overlay and lower Opacity to 20%
  17. Add Lighting Effects if necessary