The invention relates to a high-voltage power transmission line grounding fault indicating and positioning device, in particular to a pole and tower power transmission line fault indicator and belongs to the technical field of electric power tools. The pole and tower power transmission line fault indicator comprises a base, a current transformer and a control circuit board connected with a power source are arranged on the base, an MCU processor is welded to the control circuit board, the secondary current output end of the current transformer is connected with the signal input end of the MCU processor through a rectifying and filtering circuit and an amplifying circuit which are arranged on the control circuit board, the signal input end of the MCU processor is further connected with a photoresistor, the control output end of the MCU processor is respectively connected with a turnover indicator and an LED caution light, a semicircular shell is arranged above the base, a display window is arranged on the semicircular shell, and the display window corresponds to the turnover indicator, the LED caution light and the photoresistor which are arranged on the base. The pole and tower power transmission line fault indicator is simple in structure, the fault of a power transmission line can be fast and accurately positioned, the fault finding difficulty is reduced, the workload and the labor intensity of inspection personnel are reduced, and stable and reliable power supply is guaranteed.