V sign

noun
1.
a sign of victory formed by the raised index and middle fingers.
2.
this sign used as an indication of approval.
Origin
1940-45
British Dictionary definitions for v-sign

V-sign

noun
1.
(in Britain) an offensive gesture made by sticking up the index and middle fingers with the palm of the hand inwards as an indication of contempt, defiance, etc
2.
a similar gesture with the palm outwards meaning victory or peace