I agree. A settings button beside the On\Off toggle button would be nice!
But, this is a Feature Request. Those are handled thru a new topic post in the Wishlist. Go to the Wishlist, search the topics for one that matches your request. If you find one, vote for it at the top, like 
some posts, and add your reply post to support the request. If you do not find a match, submit a new topic for approval.
In your search, you may find that Setttings button before livestream may meet your request parameters.