Virtual Breakout Box to monitor Rx Tx CTS RTS lines

I am using Portserver TS to add multiple COM ports to the Windows OS, and would like a ‘virtual Break Out box’, that shows the status of the virutal COM ports, like an in-line break out box.

Does anyone know of such an application?

I’d like it to alternate between red/green lights when the status of the lines change.

This is for Windows XP and 7.