The present disclosure relates to detection of faults in an electric power system. In one embodiment, a time-domain traveling wave differential subsystem is configured to determine at a first terminal a first index between an arrival maximum of a traveling wave generated by a fault at the first terminal and an exit maximum of the traveling wave. The traveling wave subsystem also determines a second index between an arrival maximum of the traveling wave at the second terminal and an exit maximum of the traveling wave. An operating quantity and a restraint quantity may be determined based on a magnitude of the representations of electrical conditions in the first index and the second index. A fault may be declared based on a comparison of the operating quantity and the restraint quantity. A protective action subsystem may be configured to implement a protective action based on the declaration of the fault.