AIMS: We studied unique data of a nova-like system MV Lyr during transition from the high to low state and vice versa taken by the Kepler space telescope. We were interested in evolution of frequency components found previously by Scaringi et al. in different data also obtained by Kepler. METHODS: We divided the light curve into 10 day segments and investigated the corresponding power density spectra. We searched for individual frequency components by fitting with Lorentzian functions. Additionally, we investigated the variability using averaged shot profiles calculated from the light curve divided into 10 equally spaces subsamples. RESULTS: We found very complex changes of the power density spectra. We focused our study onto three frequency components. Strong activity increase is seen at low frequencies. Contrariwise, the high frequency part of the spectrum strongly decreases in power with specific rise in characteristic frequencies of the individual components. We discuss various scenarios of this phenomenology as reprocessing of X-rays in a receding accretion disc or a radiation from a more active region at the outer disc. Finally, we show that various cataclysmic variables show similar characteristic frequencies in their power density spectra. These are dependent on activity stage, making the situation similar to X-ray binaries.