Yes. It used to take 3, now it can be done with 1 ( because @bravenel is the greatest and added the capability) - see below.
" Added color map for setColor command in Maker API, and URLdecode for secondary params. To use the color map, this is the format: {"hue":88,"saturation":50,"level":90}"
Example I have been using on my one and only color bulb to set color to red when the alarm is on: {"hue":99,"saturation":100,"level":25}