Hokusai II, is there a way to monitor clipping while recording?

Hi all,
If there are any long time or experienced users of Hokusai II, is there a way, when we're monitoring audio when we're recording on a track, to know if what your recording clips? I'm asking because I saw this function in ferite recording studio, to monitor clipping, and when the audio clips, you get a beep to let you know that this is the case. Can this be done in Hokusai II?