Nevermind, I found it right after posting this. Appearance, VU Meters/Faders, Reset meter peak indicators on play/seek (checkbox).
There's also an action "View: Clear all peak indicators", I've got it tied to an icon in my toolbar. It comes in handy quite often.
How do you tie actions to icons in your toolbar?
This is great! Thanks! I can setup all my custom actions and float the toolbar. Can I import custom icons?
You could always Ctrl-Click one of the meters and it will reset all of them instantly ;) >
it would be much more convenient:)