Allavsoft is currently my favourite software for downloading live streams from Chaturbate. It allows you to paste the URL of the performer directly into the program and it starts downloading automatically.
There are a few built-in limitations with this software which can be easily overcome, so that you can download many, many streams simultaneously. It can be set to download the highest quality video stream automatically. Allavsoft also you to download videos from many of the available porn sites, and luckily it grabs the page title when saving. Unfortunately it doesn’t grab from many other live webcam sites at the minute.
There are a few improvements I would like to make this the ultimate software for downloading live webcam streams which I may detail in another post.