Provided are high-low cycle compound fatigue test high-cycle amplitude measuring equipment and method. The equipment comprises a first low-cycle load stress application, a first stress transmission pin, a stress transmission main tension plate, a first pressing bolt, a blade clamp, a first stress transmission ejection plate, a high-frequency induction heating ring, a first rolling bearing, a stress transmission circular rod, a second stress transmission ejection plate, a turbine disc, a stress bearing convex lug, a second rolling bearing, a turbine blade, a second pressing bolt, a high-cycle load transmission plate, a second low-cycle load stress application mechanism, a second stress transmission pin, a vibration exciter, a needle tip and a telephoto microscope. The high-low cycle compound fatigue test high-cycle amplitude measuring equipment and method achieve the purpose that the amplitude of a blade tip can still be accurately measured even under a high temperature (200 DEG C).