I wish to HELL there was something like that. :-/
The only software, a payware, that comes close to that is Radar Contact, but even this in its actual version 3 patched for FS9 it has sharp limitations (the worst is that it ignores the AI traffic).
A version 4 was promised with those limitations removed, but as we speak is still up in the air. Seen where the we're all headed I fear it will be published for FS10.

There's but one real cure for human stupidity. It's called DEATH.
At the moment mourning the assassination of sarcasm and irony for the good of the "higher".
Proud FSIX user. Active user of FS98, X-plane and novic