Thanks for your response @MARvizer.
Here is an example of the shimmering:
https://www42.zippyshare.com/v/XHxTGOfJ/file.html
The foreground and the rock on the left are stable, in the centre the pixels are shimmering in a band extending to the right, the top of the cliff is stable.
The file has been encoded but the encoding isn't causing the shimmering to stop at the rock on the left.