In this paper, the investigation about a metal-insulator-metal (MIM) compound plasmonic waveguide is reported, which possesses the transmission property of plasmon induced transparency (PIT) and exhibits the potential application of refractive index sensing. The waveguide structure consists of an MIM-type bus waveguide, a horizontally placed asymmetric H-type resonator (AHR), and a circular ring resonator (CRR). The AHR is directly coupled with the bus waveguide, while the CRR is directly coupled to the AHR, but is indirectly coupled to the bus waveguide. Due to the destructive interference between two different transmission paths, PIT effect can be observed in the transmission spectrum. The finite element method (FEM) is used to study the PIT effect in detail. The results show that the transmission characteristics can be flexibly adjusted by changing the geometric parameters of the structure, and the proposed waveguide structure has potential application prospects in the area of temperature and refractive index sensing with higher sensitivity, better figure of merit, and in the area of slow light photonic devices.