I’m not sure if that’s a plugin, but I did a little messing around with this and one way you can achieve this look is to work in 32 bit mode and using motion blur. First you would set your colors to over 1(1 is full white). So your RGB would be something like R=1.5, G=1, B=3. When the text is stationary it would look white, but when it moves the colors would show up in the blurs and streaks.
To achieve multiple colors you would need to duplicate the layer, change the color and then blend them using a transfer mode.
I made a quick example file so you could see this in action. If you have any questions, let me know.
5348_blurwithcolor.aep.zip
Johnny Cuevas, Editor
Thinkck.com
“I have not failed 700 times. I have succeeded in proving that those 700 ways will not work. When I have eliminated the ways that will not work, I will find the way that will work.”
—THOMAS EDISON on inventing the light bulb.