I\'ve never seen a clipping indicator and I haven\'t seen anyone mention one. You can certainly go to the \"master\" tab (under DSP Station) and watch the output indicators there. Are you hearing clipping?
You need to check the mixer for your soundcard. The clipping would be in the soundcard. Each soundcard clips at different levels. My old soundblaster clipped at much lower levels than the Echo board I\'m using now.
You need to bring up an audio recording app such as SoundForge, Sonar, etc. and check the levels. Bring up your soundcard mixer and start changing the levels until the clipping is eliminated. Remember that as you play more notes, the level gets hotter.