Accurate fault diagnosis of rolling element bearings in rotating machinery is considered essential for ensuring industrial safety and enabling predictive maintenance. Conventional statistical feature-based methods rely on predefined descriptors, whose diagnostic sensitivity is constrained by fixed configurations and limited adaptability across varying fault conditions. Although deep learning approaches offer strong representational capacity, their effectiveness is often restricted by high data requirements and reduced interpretability. In this work, a parametric adaptive feature extraction framework is proposed, in which feature characteristics are learned directly from data rather than being manually specified. Multiple complementary representations are extracted from vibration signals, including absolute features capturing signal energy distribution, signed moment features reflecting waveform asymmetry, and AC-coupled moment features emphasizing dynamic fluctuations, while interactions between multiple sensor channels are modeled through a structured fusion mechanism to enhance fault representation. The proposed approach is evaluated on a benchmark gearbox bearing dataset comprising five health conditions, including normal operation and multiple fault types. Improved classification performance is observed compared to conventional methods, with consistent results under cross-validation, indicating strong generalization capability. Additionally, enhanced feature separability is demonstrated through clearer clustering patterns in low-dimensional projections. The learned representations effectively capture a wide range of signal characteristics, supporting both improved diagnostic performance and practical applicability in industrial monitoring systems.

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