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Currently, there are three main shortcomings in meteorological drought indices: first, they rely on historical climate probability functions; second, the timescale used in calculations has a certain degree of subjectivity; third, the same index value may correspond to vastly different levels of actual drought in different climate types of regions. The purpose of this article is to establish a meteorological drought index that does not rely on historical meteorological element probability functions. Through theoretical derivation, four drought‐level maintenance lines are established on the cumulative precipitation‐cumulative water surface evaporation coordinate plane, and the coordinate quadrant is divided into five drought‐level areas. Through forward daily rolling accumulation, the maximum distance point is selected from the dynamically changing coordinate points to determine the corresponding cumulative precipitation and cumulative evaporation. The meteorological drought index is established by the distance from the selected coordinate point to each drought‐level maintenance line. Using daily precipitation and evaporation data from meteorological observation stations, the index is calculated based on the established meteorological drought index model, and compared with actual drought evolution and drought disaster records. The results show that the index can capture the development of drought well, and its changes are very consistent with drought disaster records. The index is of great significance for drought monitoring or assessment, and can provide guidance for water resource allocation, crop layout, and urban planning. Furthermore, it can also provide a way of thinking that does not rely on historical element probabilities for future drought research. [ABSTRACT FROM AUTHOR]