Agricultural drought threatens food security and agricultural sustainable development. There have been numerous spectral indices from remote sensing images developed for monitoring crop drought. However, most present spectral indices are focusing on crop growth and Land Surface Temperature (LST), and the crop canopy water content are in less consideration simultaneously. Additionally, the Normalized Difference Vegetation Index (NDVI) is used for characterizing crop growth in almost all spectral drought indices, with the spectral saturation problem of NDVI for closed crop canopy. When vegetation cover is high, NDVI values tend to saturate, which makes them insensitive to further changes in crop health. Therefore, the NDVI saturation phenomenon may lead to an underestimation of the extent of crop drought, as it is not effective in identifying subtle changes in crops under high-density vegetation conditions. Hence, we propose three novel triangular spectral indices for characterizing winter wheat drought using three features including LAI, Land Surface Water Index (LSWI) and LST. For validating the proposed spectral indices, we compared the agreement between these indices with measured Relative Soil Moisture (RSM) and Volumetric Water Content (VWC) of soil in agricultural meteorological station and present popular indices including Crop Water Stress Index (CWSI), Temperature-Vegetation Drought Index (TVDI), and Vegetation Health Index (VHI). The results revealed that our proposed indices including Euclidean distance Crop Health Index (ECHI), Difference Crop Health Index (DCHI) and Perpendicular Water Stress Index (PWSI) outperformed the popular CWSI, TVDI and VHI, with stronger correlations with measured RSM and VWC in agricultural meteorological station. Secondly, there are spatial consistencies for characterizing winter wheat drought between proposed ECHI, DCHI and PWSI with popular CWSI, TVDI and VHI. In addition, our proposed ECHI, DCHI and PWSI have achieved good performance of drought monitoring both in irrigated and rainfed croplands. All these results suggest that our proposed indices have great potential in crop drought monitoring.