1. A video contrast enhancement method, comprising the steps of: (a) receiving an nth frame from an input video sequence; (b) computing a histogram of the values Y i,n where Y i,n denotes a component value of the ith pixel in the nth frame; (c) finding a histogram peak, P n , as the count of the most frequent of said component values; (d) computing a cutoff number, C n =P n *0.0 m where m is an integer in the range 1 to 9; (e) finding A n as the smallest component value such that the number of the pixels in said nth frame with component value smaller than A n is larger than said C n ; (f) finding B n as the largest component value such that the number of the pixels in said nth frame with component value greater than B n is larger than said C n ; (g) computing L n and H n as L n =0.75*L n−1 +0.25*A n and H n =0.75*H n−1 +0.25*B n where L n−1 and H n−1 are from a prior (n−1)st frame; (h) transforming said component values in said nth frame by: (1) when Y i,n ≦L n , then Y i,n =min, where min is a minimal value for said component; (2) when Y i,n ≧H n , then Y i,n =max, where max is a maximum value for said component; and (3) when L n <Y i,n <H n , then Y i,n =min+(max−min)*(Y i,n −L n )/(H n −L n ); and (i) repeating (a)-(h) for further frames with n replaced by n+1, n+2,. .. .