it is better to choose an appropriate wavelet transform function according to th

e signal you have. Select various WT functions and do the analysis on the output
based on some statistical tests and then decide. In general you can make your t
ry with Daubechies wavelet function, since, it has various orders based function
- may fit for your problem. MATLAB toolbox will help you to make a try on these
Wavelets.
As indicated by the previous answers, the best wavelet function is the problem-d
ependent. The number of the vanishing moments is the key parameter for selecting
the wavelet function. Commonly, you can adopt the trail-error approach to deter
mine the number of the vanishing moment.