As noted, for "art" text Illustrator would probably give you more control and options. And if you want the horizontal stacking BS shows, the text on a line tool is probably your best bet.
A more general solution if you need to do it in ID is just a matter of using a text frame that you either rotate (to achieve the simple effect in the sample illustration, or, if you want something more like what DC shows —
Create a tall narrow text frame.
Type the letters is, one to a line (using either paragraph returns or line returns).
Center the text.
Adjust the line spacing so that the letters are spaced as you wish.
Tilt and position the frame as you like.
If you want or need to do this as part of running/flowing text, you can... but it's going to be hard to to it other than vertically (no tilt).
There isn't a vertical text tool in the English language version of InDesign. That tool only exists in foreign language versions of the program like Japanese in which vertical is the natural alignment. There is a workaround using Type on a Path. The video at https://www.youtube.com/watch?v=0-5ecVpewAE shows all of the necessary steps to align the text vertically using the Stair Step option provided in the Type on a Path Options dialog box. It will also show you how to space out the text and provides a neat trick to make the last character align correctly. The only additional thing you'll have to do in order to get the sloped effect that you are looking for will be to draw the line that you're making into the type on a path object at an angle as shown in my screenshot below rather than the vertical line shown in the video.
If you only have a few items to type, you could do it in Illustrator. It has a vertical text tool.
In InDesign, you can do type on a path, Set the type on a path options to stair step and the text to full justify. Then with the Direct Selection tool, adjust the length of the line.
If you don't want the text staggered, keep the line vertical and rotate afterwards.
David Creamer: Community Expert (ACI and ACE 1995-2023)