If you right click on the input/output level meters the dialog box below is displayed. There is a useful feature in this dialog called "Gain when bypassed". It allows you to set a gain that is only applied when Ozone is bypassed.
Note: Ozone's input/output meters typically don't run when Ozone is bypassed, but if Ozone is applying gain when bypassed, the I/O meters will keep working as a reminder that Ozone is still "processing" the audio.
Gain when bypassed
When Ozone is on there are many modules such as the multiband dynamics and loudness maximizer that can affect the overall or perceived level of the mix. This makes it very hard to compare "Ozone on" to "Ozone bypassed".
"Gain when bypassed" solves this problem. You can bypass Ozone and set this gain so that when you A/B Ozone on and off the apparent volume is the same. This is the only processing that is applied when Ozone is bypassed, and it is of course only applied when Ozone is bypassed.
Automatically match effective gain
When the "Automatically match effective gain" feature is engaged, Ozone determines how much gain is being added by all of the active Ozone modules and then automatically adds this amount of gain when Ozone is put into bypass mode.
Note: This may not work if you use the host application to bypass Ozone. If the host application reports that it is bypassed, it will work and we will automatically depress the Bypass button in Ozone accordingly. If the host does not report that it is bypassed, Ozone doesn't know and therefor cannot apply the "gain when bypassed".