Reset clipping indicator

I seem to remember that the level meter on the lower right of the project window could show the clipping indicator temporarily then then reset until the next clipping event. I can’t find any setting that does this. if this is not possible, can it be reset the next time play has started?

Click on the red bar.

That method works in the Mixer as well. It is a larger wide bar at the base of the Output channel strip. I assume the two are linked.

you can assign a key command too