This paper presents a method of Traveling Wave Fault location based on the improved Hilbert- Huang Transform. First, Intrinsic Mode Functions (IMF) of traveling waves are extracted by Ensemble Empirical Mode Decomposition (EEMD). Then Hilbert Transform is applied to calculate the corresponding instantaneous frequency of the highest frequency component (IMF1), the instantaneous frequency and corresponding time-frequency graph are obtained. Second, the arrival time and speed can be detected by the first instantaneous frequency’s mutational point. Finally, the improved two-terminal traveling wave fault location principle is used to calculate the fault distance. Relevant simulation results are performed to verify the correctness of the method by EMTDC software.