Hi, is there a optimizer for Morrowind similar to LOOT that works for Oblivion and Skyrim?

I'm not sure what LOOT for Oblivion and Skyrim is, but I guess you are looking for http://download.fliggerty.com/download-58-999

Mlox will sort your load order and check for many incompatibilities.
And then you'll want Wrye Mash as your main mod organizing tool.

I recommend the "stand alone" version, as it's the easiest to install: http://www.gamesas.com/topic/1106095-wrye-mash-stand-alone/
Wrye doc: http://wryemusings.com/Wrye%20Mash.html

Looks like what I need. Thanks!