I am using the discrete meyer wavelet in MATLAB for time series decomposition. I would like to change the central frequency of this wavelet but I do not know if this is possible or if I would need to design a new wavelet. Thank you very much in advance.
MATLAB documentation indicates that discretization of the continuous and infinite-support Meyer wavelet is done simply by regular sampling. I doubt that there are any unwanted consequences if you sample it over a longer interval than the nominal -8 to 8 effective support, to have a different central frequency.
The standard values for the first two parameters to
LB = -8,
UB = 8, defining the interval to be covered by sampling. Multiply those parameters by the same factor by which you want to multiply the central frequency. If factor < 1, you should double
UB to ensure that you sample the whole effective support of the Meyer wavelet and scaling functions. Then you will find your wanted frequency on the next scale level.