Try Echoe Rom. I am using it and I use this feature. It is incredible and works fine. You only have to press two times to the screen and S4 powers on. Battery is affected a little but I am not going to change. I use a zerolemon battery and it lasts me two days with 9 hours of screen.
XDA Developers was founded by developers, for developers. It is now a valuable resource for people who want to make the most of their mobile devices, from customizing the look and feel to adding new functionality. Are you a developer?