When creating intentional video feedback loops (by pointing a camera at a monitor), the camera automatically equalizes the brightness so that the screen is not all black or all white. This is what gives the loops their complexity, and make them interesting to look at.
I want to create audio feedback loops, but the real-time playback volume is either too low (the sounds fade to nothing after a few cycles) or too high (terrible screeching sounds). To create audio loops, is there some software that allows recording and real-time playback with the volume constantly adjusting so it is always playing at a set decibel level?