  Using continuous wavelet transform it is possible to construct a
regularization procedure for scale-dependent quantum field theory models, which
is complementary to functional renormalization group method in the sense that
it sums up the fluctuations of larger scales in order to get the effective
action at small observation scale (M.V.Altaisky, Phys. Rev. D93(2016) 105043.
The standard RG results for $\phi^4$ model are reproduced. The fixed points of
the scale-dependent theory are studied in one loop approximation.
