Wave
The Wave effect creates an undulating pattern on your image or a selection of the image. You can choose the appropriate wave size and amplitude, change the speed of their movement, make them vertical or horizontal.
In the Properties Area of the Video Effect window you can change the effect propertieschange the effect properties.
The properties of the Wave effect available for setting are Peaks (number of wave peaks), Amplitude (wave amplitude), Speed (wave motion speed), Offset (objects offset along the waves) values and Vertical option. The vertical direction is set by default, if you'd like to make horizontal waves untick this option.
In the figures below you can see the video picture before and after applying the Wave effect:
Before applying the Wave effect
After applying the Wave effect