I've spent a good amount of time traversing the mountains in fully upgraded troll armor and I rely heavily on a non-parry shield (Serpent Shield with one upgrade). What I like most about it (outside the damage reduction) is the fact that it does knockback when you block. So while it doesn't provide the stun/damage bonus of a parry, it does allow the player a few seconds to reposition before continuing the fight. I still take 25-30 damage through the block, but it doesn't disorient my character at all.

Since I use a dagger (max upgraded Abyssal Razor), if it's 1v1 against a wolf I just stand there and block and when the knockback is triggered, leap attack (damage stuns the wolf) then finish with 1-2 regular swings. If it's two wolves I just block until one is knocked back and then immediately do two regular swings against the other wolf, then put up block again and repeat.

If it's three wolves I just run.