Yes, when a donor makes a recurring gift to a Event, Team, or Participant you can have the full amount of the recurring gift added to the thermometers or status indicators immediately.  
  1. Find and Edit the desired TeamRaiser
  2. Go to 3.Select Event Options
  3. Under Related Actions at the bottom left click on Edit Advanced Options.
  4. Click on a.Define Fundraising Options.  
  5. Look for the option titled Recurring Gifts and check the box where it says Yes, credit the full value of recurring gifts immediately
If that is not an option, contact support.