Somebody PLEASE PLEASE PLEASE for the love of everything holy make an iRacing integration that displays Flag Color as well as an option for things like RPM lights on RGB devices. EVERYONE on iRacing is looking for this kind of peripheral rgb software support and nobody really does it well and this software is AWESOME for everything else so I know it would be very popular among my fellow iRacers. Please please please make this happen
It would depend on a lot of factors but might be possible! I’ll pass this along to the team as a suggestion. 
This guy is doing it. Though i haven’t figured out how to compile his code yet. Keep getting errors. But my point in replying with this is that it IS possible
https://github.com/garymacpherson/iRacingFlagsRGB