Step 1

Create a new image, and fill the background with black. Go into the Lens Flare Filter, and create several flares with the above settings.

[b]Step 2[b]

Go into the glowing edges filter, and use the above settings.

Step 3

Duplicate the layer (CTRL+J). Transform (CTRL+T). Holding shift down, turn your new layer counter-clockwise like above. Set mode to color dodge

Step 4

Duplicate your origional layer again (CTRL+J). Transform (CTRL+T). Holding shift down, turn your layer clockwise like above.

Final Product

Colorized