In the realm of ocean engineering and environmental research, the accuracy of the wave spectrum is paramount. Traditional models, constrained by the number of parameters, often struggle to accurately capture the intricacies of real-world wave spectra, especially when confronting the complexities of multi-peak spectral shapes shaped by wind-sea and swell systems. This research develops a novel multi-parameter wave spectrum model that substantially amplifies the capacity to describe the diversity of wave spectra by introducing more shape parameters. The proposed model includes more shape parameters than its predecessors. These parameters can be directly optimized and obtained through the Heterogeneous Comprehensive Learning Particle Swarm Optimizer (HCLPSO). This sophisticated algorithm leverages its robust global search capabilities and swift convergence to fine-tune the model’s parameters, ensuring a high degree of precision in fitting the measured wave spectra. Furthermore, the proposed model also shows great potential in wave spectrum prediction, even when there are fewer training samples, it can still yield relatively accurate predictive results. This research not only improves the applicability and accuracy of the wave spectrum model but also offers a new tool for ocean wave research and real-world applications, thereby contributing important research and practical value to the field.