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Is it possible to create this kind of Material, Fabric/Cloth effect ?

Hey guys,
Im wondering if it is possible to create this special kind of fabric/cloth effect in UE4. Basically i would like to have my fabric have change the color or reflectivity values so it looks kinda different from different angles. I have seen a similliar effect on a wallpeper texture/material in assassin creed unity, so it should be technically possible i guess.

Here some pictures about the effect…