I am trying to convert a live rtmp stream to hls stream on real time.
I got some idea after reading
http://sonnati.wordpress.com/2011/08/30/ffmpeg-%E2%80%93-
Try this RTMP to HLS command line settings:
ffmpeg -v verbose -i rtmp://:/ -c:v libx264 -c:a aac -ac 1 -strict -2 -crf 18 -profile:v baseline -maxrate 400k -bufsize 1835k -pix_fmt yuv420p -flags -global_header -hls_time 10 -hls_list_size 6 -hls_wrap 10 -start_number 1 /.m3u8
There might be some delay in the HLS feed. However, it'll work.