The existing transmission line fault early warning can’t automatically identify the abnormal area, resulting in poor early warning effect for the line crossing and line touching fault. Based on this, an early-warning method of power transmission line crossing and collision fault based on multi-source data is proposed. Combined with the feature extraction method of multi-source data fusion, based on the analysis of the characteristics of the stock index of power grid transmission line crossing and touching, the leakage current acquisition model is constructed. Based on the model, the abnormal data of power grid are collected, and the characteristics of power grid transmission line crossing and touching are mined and identified. Then the texture features are obtained by using the local binary pattern operator to simplify the early warning steps of power grid transmission line crossing and touching. The experimental results show that the multi-source data-based power grid transmission line crossing and collision fault early warning is more practical than the traditional methods. In the process of practical application, the effect of abnormal data prediction and collection is significantly better. It can carry out fault early warning more quickly and accurately, and fully meet the research requirements.