I want to bracket two exposures, One normal followed by one that is +4 f-stops by reducing the shutter speed. If possible with minimal delay between the two.
More about the zero noise technique: http://www.guillermoluijk.com/article/nonoise/index_en.htm
My camera is Canon s90.
You can do that without a script! In CHDK, find Auto Bracketing > Tv bracket > 4 Stops
Then set timer to 0 Sec, 3 Pics
This will shoot 3 pics in +4 0 -4
If you think 4 is too strong a stop, then you can set the timer to 0 Sec 5 Pics with 2 Stops and it will shoot +4 +2 0 -2 -4
Another way to remove noise (without HDR effect)
Use the interval.lua script (thanks waterwingz for showing me this script) and take 'n' number of Pics.
Then in photoshop, create a smart object and median stack all the images.
Technique learned from this place (it really works wonders, WITHOUT altering lighting conditions, like HDR does):
http://petapixel.com/2013/05/29/a-look-at-reducing-noise-in-photographs-using-median-blending/