Install VLC and Livestreamer and then save the Onionfrog's code in Notepad as a .bat file using the "all files" type.
Let us know how it works out.
Looks about the same to me as source res on twitch.
Really easy setup instructions, though.
Thanks a ton for that!
Edit: Seems a little more GPU intensive than just twitch. Had to put it on the monitor powered by my good video card to get rid of artifacts.