Emulating "Swiss style" shaded relief with ArcGIS tools?
(2008) Updated hillshade toolbox by Aileen Buckley, Mapping Center Lead, Esri. Swiss style shaded relief and Multi directional oblique weighted (MDOW) relief toolboxes for ArcGIS 9.2 and 9.3
(2010) Using curvature rasters to enhance terrain representation by Aileen Buckley, Mapping Center Lead, Esri. "using curvature rasters with hillshaded surfaces helps to capture local variations ... to help us to better see the detail in the high slope areas"
(2014) Introducing Esri’s Next Generation Hillshade by Rajinder Nagi, Esri. "The Multi-Directional Hillshade is available on ArcGIS Online and can be easily added to your desktop or web apps. It is currently implemented as a custom raster function on the World Elevation Service, and requires an ArcGIS Organizational subscription account to access."
(2015) Take your terrain mapping to new heights by Kenneth Field, Senior Cartographic Product Engineer, and Linda Beale, Esri. A culmination of hillshade and terrain research from many years in a single package. Includes a zip file from ArcGIS Online that contains the toolbox, sample data, documentation and also an ArcMap Map Document (v10.x) and ArcGIS Pro Project.
(2018) Multi-directional hillshade function is now available out-of-the-box in ArcGIS Pro (1.4 or later) and ArcMap 10.6. It can be invoked by choosing the Multidirectional option from drop down menu of Hillshade Type parameter (in Image Analysis function editor after applying the Hillshade).
This student specifically used a color scheme that ranged from "Yucca Yellow" to "Larkspur Blue" to emphasize the Swiss effect in her hillshade.
http://downloads2.esri.com/MappingCenter2007/resources/workshops/TerrainRep_2008_CreateABlue-YellowHillshade.doc
http://www.reliefshading.com/colours/yellow-tone/