Ultrasonic guided wave (UGW), using the probabilistic diagnostic imaging (PDI) method is widely used in structural health monitoring. The PDI method, which incorporates signal time-of-flight (TOF), has significant advantages in high-precision localization and multi-damage recognition. However, the TOF acquisition process introduces errors. This paper proposes a modified PDI method based on the difference between the arrival moments of guided wave (GW) signals. This method eliminates the need to acquire excitation to obtain TOF, reducing the requirements for GW detector, and minimizing the impact of TOF errors on damage localization. An experimental system for composite laminates was constructed, and the experimental results showed that the method had an average localization error of 4.73 mm for single damages. The average localization error for both multiple damages and damage at edge locations was less than 20.0 mm. The localization error is satisfactory with reference to the size of the monitored area and damages.