The only program I know of that is close to that is a program called Flasher. However it lacks a lot of the features you mentioned such as being able to set up a time interval and having sound. If I remember correctly, (its been awhile since I used it) you can set the color to flash and the frequency to try to induce the various brainwave patterns (delta waves, theta waves, etc. etc.). I would definitely be interested in using the program if you do end up making it. At this point I'm ready to try anything that might help.
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