I have two raw sound streams that I need to add together. For the purposes of this question, we can assume they are the same bitrate and bit depth (say 16 bit sample, 44.1k
This question is old but here is the valid method IMO.
You can make the first 2 steps together, but will need the maximum and minimum to normalize in a second pass for step 3 and 4.
I hope it helps someone.