Yes, it is called "2 five-light stacks standing next to each other", but why would you ever want more than about 3 different colored lights? No normal human will ever be able to remember what 10 different colors are supposed to mean.
You are correct, in modern times, the trend is to assume the operator is a complete moron, and will not be able to figure out what an alarm means, unless you have a text message telling him what it means. Usually nowdays that is a correct assumption. The average member of the human race is getting dumber. I don't know exactly why, but I suspect it is due to easy living and poor breeding.