Yes, thinking about that, not having any pilot-visible indication would be quite some point of failure at lift-off.
Still wondering whether MCAS and other automatation systems have a representation of that position indication. I can't currently come up with an idea of how to implement that in an easy, yet error-resilient way. Usually you would initially drive into a reference position, then integrate the motor's actions to arive at an absolute value, but integration would potentially add up subsequent errors, and obviously you can't re-do the referencing step while in the air.
A potentiometer (or something fancier) directly attached to the stabilizer would do it. I'm not sure if they do have one or not. They rate of movement on the stab trim is different depending on the source of the trim change so it's possible they have a PWM controller with some feedback.
Or just use an angle sensor on the control surfaces? You now have two measurements: What the computer is telling the hardware to set the angle to, what the angle actually is.
These two are very different but very important pieces of information.
You can see it on the copilot's side here by the trim wheel.
http://www.b737.org.uk/images/stabtrim_200.jpg