There are certainly various ion sensors out there for things like pH, kH, gH, NH3, NO2 and NO3, but, in my experience, they are finicky and require regular calibration. I've mostly worked with digital pH sensors, and the sensor has to be kept in a special salt solution when not in use. If they aren't kept in the special salt solution most of the time, the accuracy of the sensor starts going down because the ions inside the sensor can leach into the water being sampled, and eventually cause the sensor to become non-functional.
Good digital sensors for detecting water parameters do exist as well, they are just not for the layman. They also aren't designed for 24/7 operation. The brand of digital sensors (Vernier) I use in my classroom has ion-selective probes that can look at Nitrates, ammonia, and various other ions in solution, and the probe runs ~$250 (new with amplifier), and require constant calibration, and the actual detector is very time limited, so you might have to replace the detector electrode somewhat often (at a cost of ~$80 for a replacement electrode). You also can't leave it running all the time, because it needs calibration, and leaving it immersed in water for long periods of time causes the electrode sensor to degrade more quickly from what I read in the instructions. Even their pH meters, which are cheaper, still would rapidly degrade in an aquarium environment. Getting a set of them for sampling water in a fish room, or from a single tank would be cool, but you would be looking at upwards of $1000 for a full suite of sensors (pH, Nitrate, Ammonium, I don't see many specifically for nitrite), along with having to replace stuff over time as the sensors degrade. I'm not familiar enough with their design to guess if they could be adapted to a constant reading situation like we would want for a fish tank, but I assume it's probably a bit tricky. However, for those of you who might have issues with colorblindness, these kind of tests might very well be worth the investment for general periodic testing if you are into gadgets and stuff (and are willing to drop the cash).