So, I really wanted a local monitor. So I poked code and cried in OOC all night till they helped me come up with this
Code was ripped from EveBot btw.

Code (Text):

function main()
{
        ;dotnet LSMSound
        variable set AllianceWhiteList
        AllianceWhiteList:Add[222222]
        AllianceWhiteList:Add[9111115]
        AllianceWhiteList:Add[15711111145]     
        AllianceWhiteList:Add[11111111766]
        variable iterator PilotIterator
        variable int AllianceID
        variable index:pilot PilotIndex
        variable int IDontKnowAnotherWayToLoopThisSinceIRStupidAndDrinking
    do
    {
        if ${EVE.LocalsCount} > 1
        {
            ;echo "There are: "  ${EVE.LocalsCount} " Pilots in this system"

        PilotIndex:Clear
        LocMon:Set[0]
        EVE:DoGetPilots[PilotIndex]
        }      

        PilotIndex:GetIterator[PilotIterator]
        if ${PilotIterator:First(exists)}
        do
        {
        ;echo ${PilotIterator.Value.AllianceID} " Named: " ${PilotIterator.Value.Name}
            if !${AllianceWhiteList.Contains[${PilotIterator.Value.AllianceID}]}
            {
                echo "Escaping due to pilot[ Name: " ${PilotIterator.Value.Name} " - AllianceID" ${PilotIterator.Value.AllianceID} " ] : Warping to bookmark - If this guy isn't evil add his alliance to the list!"
                EVE.Bookmark[POSCHA]:WarpTo
                ; play "c:/alarm.wav"
               
            }
        }
        while ${PilotIterator:Next(exists)}
        wait 50
        echo "Still safe"
    }
    while ${IDontKnowAnotherWayToLoopThisSinceIRStupidAndDrinking} < 1

}
 

Change POSNAME to the name of your safe bookmark. I will make it beep later, just right now I cba.

Update:

* Added sound warning when local enters
(yes it loops the sound and yes it won't stop until you end the script.)
* Fixed it not to trigger when alone in a system.

Copy this code into a text file and rename it localmon.iss
Place the file in your innerspace scripts folder.
Follow the instructions from the code

; Instructions:
; Set the Safe bookname name @ line 41
; Put pathname to your audio file at line 44
; Load Eve with Innerspace / load isxeve
; type runscript localmon.iss
; If you want the alarm to stop type endscript.iss or it will stop when the neut leaves your system.

Code (Text):

; Code was ripped out of EveBot and edited to only work on a whitelist basis.
; There might have been a better way to do it, all I know is it works and has saved me so many ships.
; Without this simple script I wouldn't be able to fly my beloved T3 ship.

; Instructions:
; Set the Safe bookname name @ line 41
; Put pathname to your audio file at line 44
; Load Eve with Innerspace / load isxeve
; type runscript localmon.iss
; If you want the alarm to stop type endscript.iss or it will stop when the neut leaves your system.

function main()
{
        variable set AllianceWhiteList
        AllianceWhiteList:Add[498125261]
        AllianceWhiteList:Add[912341115]
        AllianceWhiteList:Add[112342315]       
        AllianceWhiteList:Add[1191166] 
        AllianceWhiteList:Add[1312342317]
        AllianceWhiteList:Add[23423424199]
        AllianceWhiteList:Add[99245231]
        variable iterator PilotIterator
        variable int AllianceID
        variable index:pilot PilotIndex
        variable int IDontKnowAnotherWayToLoopThisSinceIRStupidAndDrinking
    do
    {
        if ${EVE.LocalsCount} > 1
        {
            PilotIndex:Clear
            LocMon:Set[0]
            EVE:DoGetPilots[PilotIndex]    

            PilotIndex:GetIterator[PilotIterator]
            if ${PilotIterator:First(exists)}
            do
            {
                if !${AllianceWhiteList.Contains[${PilotIterator.Value.AllianceID}]}
                {
                    echo "Escaping due to pilot[ Name: " ${PilotIterator.Value.Name} " - AllianceID" ${PilotIterator.Value.AllianceID} " ] : Warping to bookmark - If this guy isn't evil add his alliance to the list!"
                    ; enter name of bookmark here
                    EVE.Bookmark[BMNAME]:WarpTo
                    ; Enter file name to play here, I've only tried .wav but i presume a multitude of file types will work.
                    play "c:/alarm.wav"
                }
            }
            while ${PilotIterator:Next(exists)}
            wait 50
            echo "Still safe"
        }
    }
    while ${IDontKnowAnotherWayToLoopThisSinceIRStupidAndDrinking} < 1

}