timmyboylad talks about the recording dialogue and so about the inherent recording Quasi Peak Level Meter.
There is a clip indicator indeed, somehow a little bit hidden.
Here in the online help, one can find the necessary information:
… If you are monitoring real-time audio (playback or input), the maximum peak and loudness values are displayed numerically to the right of the meter bars. > Numbers in brackets to the right of the Maximum Peak values indicate the number of successive clips (0dB signal peaks)> . > Recording levels should be set so that they only rarely clip. If the master level is set too high, the sound quality and frequency response will be compromised at high recording levels, with unwanted clipping effects. If the level is set too low, noise levels may be high relative to the main sound being recorded …
I must agree that a clip indicator in the form of a red light would be a nice feature in the metering section.
Hope this helps