On Filter Banks and Wavelets Based on Chebyshev Polynomials
  In this paper we introduce a new family of wavelets, named Chebyshev wavelets, which are derived from conventional first and second kind Chebyshev polynomials. Properties of Chebyshev filter banks are investigated, including orthogonality and perfect reconstruction conditions. Chebyshev wavelets have compact support, their filters possess good selectivity, but they are not orthogonal. The convergence of the cascade algorithm of Chebyshev wavelets is proved by using properties of Markov chains. Computational implementation of these wavelets and some clear-cut applications are presented. Proposed wavelets are suitable for signal denoising. 
R. J. Cintra, H. M. de Oliveira, L. R. Soares
stat.ME math.NA