Levels and Gain Staging in QLab has a few peculiarities. In no particular order:
The Level indicators on the cue output sliders in an audio cue are just that, indicators. They are not designed to correspond to any metering standard. Generally if the meter is going above the 0 mark on the slider and showing a bit of red, depending on the program material you may already be distorting or close to it.
On a heavily compressed pop track, a master slider setting of 0 and slider settings of 0 on the cue outputs will be driving the output of QLab quite close to clipping. When you play a second track it will probably clip
You can insert an AU meter plug in on a cue or device output in settings/audio/ edit patch. A free VU style meter is TB ProAudio MVM2, although if you were demonstrating headroom and gain staging in a class you would probably want to use a broadcast standard meter like Nugen Visualise, Izotope Insight, or Waves PAZ analyser.
Generally though, that's not necessary if you follow this rule for gain staging.
In your cue templates set the default level for new audio cues MASTER to -10 (or -15 if you are going to be playing a lot of heavily compressed music tracks simultaneously). The Default level is 0 which is too high to allow headroom for even 2 loud audio tracks.
With a default master level of -10 instead of 0 you can play 5 uncorrelated loud tracks without any fear of overload, and no need to meter. (uncorrelated just means the tracks are recorded at similar levels but that the peaks are occurring in different places. If you had a close correlation between tracks, which might be the case if you were beat mixing on a crossfade, so that the Kick on both tracks was occurring simultaneously you would still have sufficient headroom for 2-4 tracks with the default masters at -10.
So in summary, always start with your master at -10 on any audio cue as the default and you will rarely have to worry about clipping anywhere in the QLab audio chain.
Mic