Tracks : Track Level Meters : Clip Indication : Audio Track Clip Indicators
 
Audio Track Clip Indicators
Audio track clip indicators display red under the following circumstances, otherwise they display yellow:
When an audio track is record enabled or set to input monitoring and the input assignment is set to a physical input signal that exceeds 0 dBFS causing clipping at the converters.
When an audio track is recording to a fixed-point bit depth (16- or 24-bit) and the audio written to disk exceeds 0 dBFS causing clipping in the file.