In short, you grow macro algae, cheato is what I personally use. When you grow macro algae the algae uses up nutrients like nitrates and phosphates. As the algae grows you take some out to allow room for more to grow, this removes the nutrients stored in the algae. The reason this is good for PH is when its growing its performing photosynthesis which in turn helps raise PH. The macro algae also can be a good spot for the pods to grow because they are away from fish and other predators they can slowly trickle into the tank and allow for your fish to graze as they find them.
The wave maker should be plenty strong you may also notice an uptick in PH if you use the wave maker to ripple the surface of your water. This will promote better gas exchange.