The invention belongs to the technical field of high-frequency transient component direction pilot protection, and discloses a high-frequency transient component direction pilot protection method andsystem. The system comprises a current detection module, a voltage detection module, a fault detection module, a main control module, a change curve drawing module, a transient component extraction module, a fault identification module, an electric energy quality signal analysis module, a highest frequency component solving module, a phase difference solving module, a data storage module, a terminal module and a display module. According to the invention, the clear analytical expression of the fault component current of a multi-terminal direct-current system line is established through a faultdetection module, so that threshold setting is easy to realize, and the robustness and accuracy of multi-terminal direct-current system fault detection are improved; various typical transient electric energy quality signals, such as sudden voltage rise, sudden voltage drop, transient change, harmonic waves, transient pulses and the like in an electric power system can be rapidly and accurately analyzed through an electric energy quality signal analysis module; and calculation is simple, and the system can be used for real-time online analysis.