That in particular, is a Waveform. Its meant to represent a radio signal, or similar. (i.e. the signal source (Unidentified, Weak, Strong) you have targeted.
From what I noticed, each time I clicked on a signal source, be it "Strong", "Weak", "Unknown", this waveform appeared to look the same. If I remember correctly even one of the signal sources I went into had nothing but debris and about 4-6 toxic waste canister floating about. Is this waveform part of beta 1.2 still not working or do I have to do something to read this?
Its USS´s refined to possible variables.. but seems to be still random as ever.. and even more confusing..
i mean.. how could canisters with toxic waste emit a strong signal..
There's nothing you can interpret from the waveform. It is generic to any signal source that you've targeted, like many of the images for planets or stars.