A friend, Steve Lafferty, has just completed a detailed article on how to construct a seriously good Audio Level Meter. Steve is an excellent engineer and life-long audio enthusiasts.
If you'd like to read his how-to article, go to
http://www.tronola.com/ and click on the Audio Level Meter link. Even if you're not interested in building the ALM, the article is worth reading as an excellent example of technical writing.