"look ahead" has slightly different meanings depending on whether you are talking about compressors or limiters.
The collective term for all of these kind of effects is "dynamic processor", in that they adjust (process) the dynamics (changes in amplitude/volume) in one way or another.
Compressors will operate over relatively long time periods and adjust the output level of a signal so that the average level does not go up and down as much as the input level. In other words, the range of loud to quiet of the music is reduced (compressed) so that it is more even. There are many variations on this idea, and many compressors offer a whole load of adjustments so that the sound engineer can tailor the effect to suit their needs. The most common adjustments are attack and decay times and the compression ratio. Learning to use compressors effectively requires a bit of research and a lot of practice.
Limiters generally operate over much shorter time periods - the easiest type to understand is the "brick wall limiter". This effect gets its name from the idea that it creates an immovable barrier to prevent the signal from going above a set "limit". It is similar to "clipping" except that the distortion that it introduces is more gentle (it rounds off the clipped peaks rather than clipping them flat) and so is less obtrusive.
"Look-ahead" with compressors is when the compressor will look to see what signal is coming and will start to compress the signal in advance of the rise in amplitude of the incoming signal. This does not necessarily mean that output peaks will never exceed a particular level (that's what brick wall limiters do), but it means that the reduction in volume will begin before the arrival of an increased input level.
DJCraft wrote:It's a live mix so this isn't going to work.
In that case it will probably be best to use the envelope tool to adjust the volume of each section so that each song is at the appropriate level.
http://audacityteam.org/manual/index.ph ... elope_Tool
When you have done that, Mix and Render the track, then Normalize to -1 dB, then use the fast lookahead limiter with a boost of around 3 to 6 dB and a maximum level of -0.3 dB (figures are approximate, but I think this is the sort of thing that you are looking for.)