A simple, efficient, and robust feature-extraction algorithm, developed for the digital front-end electronics of the electromagnetic calorimeter of the PANDA spectrometer at FAIR, Darmstadt, is implemented in VHDL for a commercial 16 bit 100 MHz sampling ADC. The source-code is available as an open-source project and is adaptable for other projects and sampling ADCs. Best performance with different types of signal sources can be achieved through flexible parameter selection. The on-line data-processing in FPGA enables to construct an almost dead-time free data acquisition system which is successfully evaluated as a first step towards building a complete trigger-less readout chain. Prototype setups are studied to determine the dead-time of the implemented algorithm, the rate of false triggering, timing performance, and event correlations.