George - this is a screen shot of Adobe Camera Raw (ACR) showing overexposure "blinkies", which actually do not blink at all. Clipped highlights are shown in red and crushed shadow details (there are none here) are shown in blue.
The histogram in ACR is a bit of a hybrid. Where the colour channels overlap, everything is shown as white, but where there are spikes in the individual colour channels, one can see them.
There is also an optional indicator, a small triangle, at the top left and top right corner of the histogram. When the triangles are activated (this is optional), the normal state if there is no clipping is black. They show which channels are clipped by showing the colour and if they show white, all channels are clipped.