Trigger pad macro switches?

Is it possible to create a trigger pad type switch in the macro designer? A button that goes on then off after you click it? Most switches seem to be either off, on, off.
Also, if I right click on the macro designer I can make a switch which has different modes. I don’t understand what the multiple mode does.

A Push switch would work only when pressed. A multi-mode switch is a switch that can switch between more than 2 modes (on/off). You can find more switch information here.