Proper name for a new method We developed a new method to calculate a characteristic value from measurement data. In my thesis I call the existing method 'Original Method'. However, I am not sure how to name our new method. 'Current Method'? 'Present Method'?

Is there an established standard for this?
The following terms may help. 


Proposed method
Suggested method
Our technique
Algorithm devised
Intended design
New procedure


It's not an exhaustive list, but are considered acceptable.