The Impact Thermometer is displayed on the top-right of the dependency graph if the relevant option is selected.

The Impact Thermometer gives you a good idea of where the current item fits in the overall dependency hierarchy of your code-base.

Think of the thermometer representing your code-base.

This is intended just to give you a sense of context. For example, if you were considering making significant changes to an item low down on the thermometer which is used by most of the code-base - be careful!