peace sign

noun
a sign representing “peace,” made by extending the forefinger and middle finger upward in a V -shape with the palm turned outward.

Origin:
1965–70

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World English Dictionary
peace sign
 
n
See also V-sign a gesture made with the palm of the hand outwards and the index and middle fingers raised in a V

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
And nothing more eloquently symbolizes the counterculture era than the peace
  sign.
He flashed us a double peace sign from his cuffed hands.
Along the route people in cars beeped their horns and gave the thumbs up or the
  peace sign.
Nissan has a few suggestions of its own: a simple hand wave, a peace sign, and
  a zero to represent zero emissions.
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