diff --git a/CODEOWNERS b/CODEOWNERS
index c630db7948..db49afa144 100644
--- a/CODEOWNERS
+++ b/CODEOWNERS
@@ -352,6 +352,7 @@ esphome/components/st7701s/* @clydebarrow
 esphome/components/st7735/* @SenexCrenshaw
 esphome/components/st7789v/* @kbx81
 esphome/components/st7920/* @marsjan155
+esphome/components/status_indicator/* @nielsnl68
 esphome/components/substitutions/* @esphome/core
 esphome/components/sun/* @OttoWinter
 esphome/components/sun_gtil2/* @Mat931
diff --git a/esphome/components/status_indicator/__init__.py b/esphome/components/status_indicator/__init__.py
new file mode 100644
index 0000000000..884f3c6fe5
--- /dev/null
+++ b/esphome/components/status_indicator/__init__.py
@@ -0,0 +1,164 @@
+import esphome.config_validation as cv
+import esphome.codegen as cg
+import esphome.automation as auto
+from esphome.const import (
+    CONF_ID,
+    CONF_PRIORITY,
+    CONF_GROUP,
+    CONF_TRIGGER_ID,
+    CONF_ON_TURN_OFF,
+    CONF_VALUE,
+)
+from esphome.schema_extractors import (
+    SCHEMA_EXTRACT,
+    schema_extractor,
+)
+
+from esphome.core import coroutine_with_priority
+
+CODEOWNERS = ["@nielsnl68"]
+
+status_led_ns = cg.esphome_ns.namespace("status_indicator")
+StatusIndicator = status_led_ns.class_("StatusIndicator", cg.Component)
+StatusTrigger = status_led_ns.class_("StatusTrigger", auto.Trigger.template())
+StatusAction = status_led_ns.class_("StatusAction", auto.Action)
+CONF_TRIGGER_LIST = {
+    "on_app_error": True,
+    "on_clear_app_error": True,
+    "on_app_warning": True,
+    "on_clear_app_warning": True,
+    "on_network_connected": True,
+    "on_network_disconnected": True,
+    "on_wifi_ap_enabled": True,
+    "on_wifi_ap_disabled": True,
+    "on_api_connected": True,
+    "on_api_disconnected": True,
+    "on_mqtt_connected": True,
+    "on_mgtt_disconnected": True,
+    "on_custom_status": False,
+}
+CONF_WHICH = "which"
+
+
+def trigger_setup(Single):
+    return auto.validate_automation(
+        {
+            cv.GenerateID(CONF_TRIGGER_ID): cv.declare_id(StatusTrigger),
+            cv.Optional(CONF_GROUP, default=""): cv.string,
+            cv.Optional(CONF_PRIORITY, default=0): cv.int_range(0, 10),
+        },
+        single=Single,
+    )
+
+
+def add_default_triggers():
+    result = {}
+
+    for trigger, single in CONF_TRIGGER_LIST.items():
+        result[cv.Optional(trigger)] = trigger_setup(single)
+    return cv.Schema(result)
+
+
+CONFIG_SCHEMA = (
+    cv.Schema(
+        {
+            cv.GenerateID(CONF_ID): cv.declare_id(StatusIndicator),
+            cv.Required(CONF_ON_TURN_OFF): trigger_setup(True),
+        }
+    )
+    .extend(cv.COMPONENT_SCHEMA)
+    .extend(add_default_triggers())
+)
+
+
+async def add_trigger(var, conf, key):
+    trigger = cg.new_Pvariable(
+        conf[CONF_TRIGGER_ID],
+        var,
+        conf[CONF_GROUP],
+        conf[CONF_PRIORITY],
+        conf[CONF_TRIGGER_ID].id,
+    )
+    await auto.build_automation(trigger, [], conf)
+    if key is not None:
+        cg.add(var.set_trigger(key, trigger))
+
+
+@coroutine_with_priority(80.0)
+async def to_code(config):
+    var = cg.new_Pvariable(config[CONF_ID])
+    await cg.register_component(var, config)
+    await add_trigger(var, config.get(CONF_ON_TURN_OFF), CONF_ON_TURN_OFF)
+
+    for trigger_name, single in CONF_TRIGGER_LIST.items():
+        conf = config.get(trigger_name, None)
+        if conf is not None:
+            if single:
+                await add_trigger(var, conf, trigger_name)
+            else:
+                for conf in config.get(trigger_name, []):
+                    await add_trigger(var, conf, None)
+
+
+def maybe_simple_valuex(*validators, **kwargs):
+    key = kwargs.pop("key", CONF_VALUE)
+    validator = cv.All(*validators)
+
+    @schema_extractor("maybe")
+    def validate(value):
+        if value == SCHEMA_EXTRACT:
+            return (validator, key)
+
+        if isinstance(value, dict):
+            return validator(value)
+        return validator({key: value})
+
+    return validate
+
+
+@auto.register_action(
+    "status.push",
+    StatusAction,
+    maybe_simple_valuex(
+        {
+            cv.GenerateID(CONF_ID): cv.use_id(StatusIndicator),
+            cv.Required(CONF_TRIGGER_ID): cv.use_id(StatusTrigger),
+        },
+        key=CONF_TRIGGER_ID,
+    ),
+)
+async def status_action_push_to_code(config, action_id, template_arg, args):
+    var = cg.new_Pvariable(action_id, template_arg)
+
+    await cg.register_parented(var, config[CONF_ID])
+
+    cg.add(var.set_state(True))
+    trigger = await cg.get_variable(config[CONF_TRIGGER_ID])
+    cg.add(var.set_trigger(trigger))
+    return var
+
+
+@auto.register_action(
+    "status.pop",
+    StatusAction,
+    maybe_simple_valuex(
+        {
+            cv.GenerateID(CONF_ID): cv.use_id(StatusIndicator),
+            cv.Optional(CONF_GROUP): cv.string,
+            cv.Optional(CONF_TRIGGER_ID): cv.use_id(StatusTrigger),
+        },
+        cv.has_exactly_one_key(CONF_GROUP, CONF_TRIGGER_ID),
+        key=CONF_TRIGGER_ID,
+    ),
+)
+async def status_action_pop_to_code(config, action_id, template_arg, args):
+    var = cg.new_Pvariable(action_id, template_arg)
+    await cg.register_parented(var, config[CONF_ID])
+    cg.add(var.set_state(False))
+    if CONF_TRIGGER_ID in config:
+        trigger = await cg.get_variable(config[CONF_TRIGGER_ID])
+        cg.add(var.set_trigger(trigger))
+    else:
+        cg.add(var.set_group(config[CONF_GROUP]))
+
+    return var
diff --git a/esphome/components/status_indicator/_test/.gitignore b/esphome/components/status_indicator/_test/.gitignore
new file mode 100644
index 0000000000..d8b4157aef
--- /dev/null
+++ b/esphome/components/status_indicator/_test/.gitignore
@@ -0,0 +1,5 @@
+# Gitignore settings for ESPHome
+# This is an example and may include too much for your use-case.
+# You can modify this file to suit your needs.
+/.esphome/
+/secrets.yaml
diff --git a/esphome/components/status_indicator/_test/test.yaml b/esphome/components/status_indicator/_test/test.yaml
new file mode 100644
index 0000000000..73ee01c26d
--- /dev/null
+++ b/esphome/components/status_indicator/_test/test.yaml
@@ -0,0 +1,146 @@
+---
+esphome:
+  name: m5stack-atom-echo
+
+esp32:
+  board: m5stack-atom
+
+logger:
+  level: DEBUG
+
+light:
+  - platform: esp32_rmt_led_strip
+    id: led
+    pin: GPIO27
+    default_transition_length: 0s
+    chipset: SK6812
+    num_leds: 1
+    rgb_order: grb
+    rmt_channel: 0
+    effects:
+      - pulse:
+          name: "Slow Pulse"
+          transition_length: 250ms
+          update_interval: 250ms
+          min_brightness: 50%
+          max_brightness: 100%
+      - pulse:
+          name: "Fast Pulse"
+          transition_length: 100ms
+          update_interval: 100ms
+          min_brightness: 50%
+          max_brightness: 100%
+
+wifi:
+  ssid: LumenIOT24
+  password: Lum3nS0fT
+
+binary_sensor:
+  - platform: gpio
+    pin:
+      number: GPIO39
+      inverted: true
+    name: Button
+    disabled_by_default: true
+    entity_category: diagnostic
+    id: button
+    on_press:
+      - status.push: custom_status2
+      - status.push: custom_status3
+      - status.push: custom_status1
+    on_release:
+      - status.pop:
+          group: "custom"
+      - delay: 5s
+      - status.pop: custom_status1
+
+status_indicator:
+  on_turn_off:  # Manditory
+    - light.turn_off:
+        id: led
+
+  on_app_error:
+    then:
+      - light.turn_on:
+          id: led
+          red: 100%
+          green: 0%
+          blue: 0%
+          brightness: 100%
+          effect: None
+
+  on_app_warning:
+    then:
+      - light.turn_on:
+          id: led
+          red: 100%
+          green: 0%
+          blue: 0%
+          brightness: 100%
+          effect: Slow Pulse
+
+  on_wifi_ap_enabled:
+    then:
+      - light.turn_on:
+          id: led
+          red: 100%
+          green: 100%
+          blue: 50%
+          brightness: 100%
+          effect: None
+
+  on_network_disconnected:
+    then:
+      - light.turn_on:
+          id: led
+          red: 100%
+          green: 0%
+          blue: 0%
+          brightness: 100%
+          effect: Fast Pulse
+
+  on_api_disconnected:
+    then:
+      - light.turn_on:
+          id: led
+          red: 100%
+          green: 100%
+          blue: 0%
+          brightness: 100%
+          effect: Fast Pulse
+
+  on_custom_status:
+    - trigger_id: custom_status1
+      priority: 1
+      then:
+        - light.turn_on:
+            id: led
+            red: 0%
+            green: 100%
+            blue: 0%
+            brightness: 100%
+            effect: None
+    - trigger_id: custom_status2
+      group: custom
+      priority: 3
+      then:
+        - light.turn_on:
+            id: led
+            red: 50%
+            green: 0%
+            blue: 100%
+            brightness: 100%
+            effect: None
+    - trigger_id: custom_status3
+      group: custom1
+      priority: 1
+      then:
+        - light.turn_on:
+            id: led
+            red: 100%
+            green: 100%
+            blue: 50%
+            brightness: 100%
+            effect: Fast pulse
+        - delay: 10s
+        - status.pop: custom_status3
diff --git a/esphome/components/status_indicator/status_indicator.cpp b/esphome/components/status_indicator/status_indicator.cpp
new file mode 100644
index 0000000000..9ff57aa308
--- /dev/null
+++ b/esphome/components/status_indicator/status_indicator.cpp
@@ -0,0 +1,213 @@
+#include "status_indicator.h"
+#include "esphome/core/log.h"
+#include "esphome/core/application.h"
+
+#ifdef USE_ETHERNET
+#include "esphome/components/ethernet/ethernet_component.h"
+#endif
+#ifdef USE_WIFI
+#include "esphome/components/wifi/wifi_component.h"
+#endif
+#ifdef USE_MQTT
+#include "esphome/components/mqtt/mqtt_client.h"
+#endif
+#ifdef USE_API
+#include "esphome/components/api/api_server.h"
+#endif
+
+namespace esphome {
+namespace status_indicator {
+
+bool has_network() {
+#ifdef USE_ETHERNET
+  if (ethernet::global_eth_component != nullptr)
+    return true;
+#endif
+
+#ifdef USE_WIFI
+  if (wifi::global_wifi_component != nullptr)
+    return true;
+#endif
+
+#ifdef USE_HOST
+  return true;  // Assume its connected
+#endif
+  return false;
+}
+
+bool is_connected() {
+#ifdef USE_ETHERNET
+  if (ethernet::global_eth_component != nullptr && ethernet::global_eth_component->is_connected())
+    return true;
+#endif
+
+#ifdef USE_WIFI
+  if (wifi::global_wifi_component != nullptr)
+    return wifi::global_wifi_component->is_connected();
+#endif
+
+#ifdef USE_HOST
+  return true;  // Assume its connected
+#endif
+  return false;
+}
+
+static const char *const TAG = "status_indicator";
+
+void StatusIndicator::dump_config() {
+  ESP_LOGCONFIG(TAG, "Status Indicator supports:");
+  for (auto i = this->triggers_.begin(); i != this->triggers_.end(); i++) {
+    ESP_LOGCONFIG(TAG, " * %s: %s", i->first.c_str(), i->second->get_info().c_str());
+  }
+}
+void StatusIndicator::loop() {
+  std::string status{""};
+  if ((App.get_app_state() & STATUS_LED_ERROR) != 0u) {
+    status = "on_app_error";
+    this->status_.on_error = 1;
+  } else if (this->status_.on_error) {
+    status = "on_clear_app_error";
+    this->status_.on_error = 0;
+  }
+
+  if (has_network()) {
+#ifdef USE_WIFI
+    if (status.empty() && wifi::global_wifi_component->is_ap_enabled()) {
+      status = "on_wifi_ap_enabled";
+      this->status_.on_wifi_ap = 1;
+    } else if (this->status_.on_wifi_ap) {
+      status = "on_wifi_ap_disabled";
+      this->status_.on_wifi_ap = 0;
+    }
+#endif
+
+    if (status.empty() && not is_connected()) {
+      status = "on_network_disconnected";
+      this->status_.on_network = 1;
+    } else if (this->status_.on_network) {
+      status = "on_network_connected";
+      this->status_.on_network = 0;
+    }
+
+#ifdef USE_API
+    if (status.empty() && api::global_api_server != nullptr && not api::global_api_server->is_connected()) {
+      status = "on_api_disconnected";
+      this->status_.on_api = 1;
+    } else if (this->status_.on_api) {
+      status = "on_api_connected";
+      this->status_.on_api = 0;
+    }
+#endif
+#ifdef USE_MQTT
+    if (status.empty() && mqtt::global_mqtt_client != nullptr && not mqtt::global_mqtt_client->is_connected()) {
+      status = "on_mqtt_disconnected";
+      this->status_.on_mqtt = 1;
+    } else if (this->status_.on_mqtt) {
+      status = "on_mqtt_connected";
+      this->status_.on_mqtt = 0;
+    }
+#endif
+  }
+  if (status.empty() && (App.get_app_state() & STATUS_LED_WARNING) != 0u) {
+    status = "on_app_warning";
+    this->status_.on_warning = 1;
+  } else if (this->status_.on_warning) {
+    status = "on_clear_app_warning";
+    this->status_.on_warning = 0;
+  }
+
+  if (this->current_status_ != status) {
+    if (this->current_trigger_ != nullptr and this->current_trigger_->is_action_running() and !status.empty()) {
+      this->current_trigger_->stop_action();
+    }
+    StatusTrigger *oldtrigger = this->current_trigger_;
+
+    if (!status.empty() && this->triggers_.count(status) == 1) {
+      this->current_trigger_ = get_trigger(status);
+    } else if (!this->stack_.empty()) {
+      this->current_trigger_ = this->stack_.back();
+      status = "on_custom_status";
+    } else {
+      this->current_trigger_ = get_trigger("on_turn_off");
+      status = "on_turn_off";
+    }
+    if (oldtrigger != this->current_trigger_) {
+      ESP_LOGI(TAG, "<>> %s->%s", status.c_str(), this->current_trigger_->get_name().c_str());
+      this->current_trigger_->trigger();
+    }
+    this->current_status_ = status;
+  }
+}
+
+float StatusIndicator::get_setup_priority() const { return setup_priority::HARDWARE; }
+float StatusIndicator::get_loop_priority() const { return 50.0f; }
+
+StatusTrigger *StatusIndicator::get_trigger(const std::string &key) {
+  auto search = this->triggers_.find(key);
+  if (search != this->triggers_.end()) {
+    return search->second;
+  } else {
+    return nullptr;
+  }
+}
+
+void StatusIndicator::set_trigger(const std::string &key, StatusTrigger *trigger) { this->triggers_[key] = trigger; }
+
+void StatusIndicator::push_trigger(StatusTrigger *trigger) {
+  this->pop_trigger(trigger, true);
+  ESP_LOGD(TAG, "Push ID: %s", trigger->get_info().c_str());
+
+  for (auto i = this->stack_.begin(); i != this->stack_.end(); ++i) {
+    StatusTrigger *st = *i;
+    if (trigger->get_priority() < st->get_priority()) {
+      this->stack_.insert(i, trigger);
+      this->current_status_ = "update me";
+      //  log_triggers_();
+      return;
+    }
+  }
+  this->stack_.push_back(trigger);
+  this->current_status_ = "update me";
+  //  log_triggers_();
+}
+
+void StatusIndicator::pop_trigger(StatusTrigger *trigger, bool incl_group) {
+  incl_group = incl_group && !trigger->get_group().empty();
+  ESP_LOGD(TAG, "Pop by ID: %s || %s", trigger->get_info().c_str(), YESNO(incl_group));
+  std::string group = trigger->get_group();
+  for (auto i = this->stack_.begin(); i != this->stack_.end();) {
+    StatusTrigger *st = *i;
+    if ((incl_group && group == st->get_group()) || (trigger == st)) {
+      this->stack_.erase(i);
+      this->current_status_ = "update me";
+    } else {
+      ++i;
+    }
+  }
+  //  log_triggers_();
+}
+
+void StatusIndicator::pop_trigger(const std::string &group) {
+  ESP_LOGD(TAG, "Pop by group: %s", group.c_str());
+
+  for (auto i = this->stack_.begin(); i != this->stack_.end();) {
+    StatusTrigger *st = *i;
+    if (group == st->get_group()) {
+      this->stack_.erase(i);
+      this->current_status_ = "update me";
+    } else {
+      ++i;
+    }
+  }
+  //  log_triggers_();
+}
+
+void StatusIndicator::log_triggers_() {
+  for (auto *st : this->stack_) {
+    ESP_LOGD(TAG, "%s", st->get_info().c_str());
+  }
+  ESP_LOGD(TAG, "----------------------------- %d ----", this->stack_.size());
+}
+
+}  // namespace status_indicator
+}  // namespace esphome
diff --git a/esphome/components/status_indicator/status_indicator.h b/esphome/components/status_indicator/status_indicator.h
new file mode 100644
index 0000000000..6f2fb84a68
--- /dev/null
+++ b/esphome/components/status_indicator/status_indicator.h
@@ -0,0 +1,100 @@
+#pragma once
+
+#include <map>
+#include <vector>
+#include "esphome/core/component.h"
+#include "esphome/core/hal.h"
+#include "esphome/components/light/automation.h"
+
+namespace esphome {
+namespace status_indicator {
+class StatusTrigger;
+
+union StatusFlags {
+  struct {
+    int on_error : 1;
+    int on_warning : 1;
+    int on_network : 1;
+    int on_api : 1;
+    int on_mqtt : 1;
+    int on_wifi_ap : 1;
+  };
+  int setter = 0;
+};
+
+class StatusIndicator : public Component {
+ public:
+  void dump_config() override;
+  void loop() override;
+
+  float get_setup_priority() const override;
+  float get_loop_priority() const override;
+
+  StatusTrigger *get_trigger(const std::string &key);
+  void set_trigger(const std::string &key, StatusTrigger *trigger);
+  void push_trigger(StatusTrigger *trigger);
+  void pop_trigger(StatusTrigger *trigger, bool incl_group = false);
+  void pop_trigger(const std::string &group);
+
+ protected:
+  void log_triggers_();
+  std::string current_status_{""};
+  StatusTrigger *current_trigger_{nullptr};
+  StatusFlags status_;
+  std::map<std::string, StatusTrigger *> triggers_{};
+  std::vector<StatusTrigger *> stack_{};
+};
+
+class StatusTrigger : public Trigger<> {
+ public:
+  explicit StatusTrigger(StatusIndicator *parent, std::string group, uint32_t priority, std::string name)
+      : parent_(parent), name_(std::move(name)), group_(std::move(group)), priority_(priority) {}
+  std::string get_group() { return this->group_; }
+  uint32_t get_priority() { return this->priority_; }
+  std::string get_name() { return this->name_; }
+  std::string get_info() { return this->name_ + " \t| " + this->group_ + " \t| " + std::to_string(this->priority_); }
+
+ protected:
+  StatusIndicator *parent_;
+  std::string name_;   /// Minimum length of click. 0 means no minimum.
+  std::string group_;  /// Minimum length of click. 0 means no minimum.
+  uint32_t priority_;  /// Maximum length of click. 0 means no maximum.
+};
+
+template<typename... Ts> class StatusCondition : public Condition<Ts...> {
+ public:
+  StatusCondition(StatusIndicator *parent, bool state) : parent_(parent), state_(state) {}
+  bool check(Ts... x) override { return (this->parent_->status_.setter == 0) == this->state_; }
+
+ protected:
+  StatusIndicator *parent_;
+  bool state_;
+};
+
+template<typename... Ts> class StatusAction : public Action<Ts...>, public Parented<StatusIndicator> {
+ public:
+  void set_state(bool state) { this->state_ = state; }
+  void set_trigger(StatusTrigger *trigger) { this->trigger_ = trigger; }
+  void set_group(const std::string &group) { this->group_ = group; }
+
+  void play(Ts... x) override {
+    if (this->state_) {
+      if (this->trigger_ != nullptr) {
+        this->parent_->push_trigger(this->trigger_);
+      }
+    } else if (this->group_ != "") {
+      this->parent_->pop_trigger(this->group_);
+    } else if (this->trigger_ != nullptr) {
+      this->parent_->pop_trigger(this->trigger_, false);
+    }
+  }
+
+ protected:
+  StatusIndicator *indicator_;
+  StatusTrigger *trigger_{nullptr};
+  std::string group_{""};
+  bool state_{false};
+};
+
+}  // namespace status_indicator
+}  // namespace esphome
diff --git a/esphome/components/wifi/wifi_component.cpp b/esphome/components/wifi/wifi_component.cpp
index 075e683bb5..4b071a50e2 100644
--- a/esphome/components/wifi/wifi_component.cpp
+++ b/esphome/components/wifi/wifi_component.cpp
@@ -201,6 +201,8 @@ void WiFiComponent::loop() {
 WiFiComponent::WiFiComponent() { global_wifi_component = this; }
 
 bool WiFiComponent::has_ap() const { return this->has_ap_; }
+bool WiFiComponent::is_ap_enabled() const { return this->ap_setup_; }
+
 bool WiFiComponent::has_sta() const { return !this->sta_.empty(); }
 void WiFiComponent::set_fast_connect(bool fast_connect) { this->fast_connect_ = fast_connect; }
 #ifdef USE_WIFI_11KV_SUPPORT
diff --git a/esphome/components/wifi/wifi_component.h b/esphome/components/wifi/wifi_component.h
index 133fa2970c..07cf1b3c85 100644
--- a/esphome/components/wifi/wifi_component.h
+++ b/esphome/components/wifi/wifi_component.h
@@ -251,6 +251,7 @@ class WiFiComponent : public Component {
 
   bool has_sta() const;
   bool has_ap() const;
+  bool is_ap_enabled() const;
 
 #ifdef USE_WIFI_11KV_SUPPORT
   void set_btm(bool btm);