In this invention, a novel technique is introduced to measure chromatic dispersion (CD) in optical fibers. This technique is based on a relatively low-frequency optoelectronic oscillation (OEO) to provide fast, precise and low-cost method for CD measurement that can be implemented easily in commercial instruments. The proposed setup is implemented to measure the CD in normal single mode fibers with lengths of 40 km, 10 km, 1 km. Moreover, it is implemented to measure CD in 400 in of nonzero dispersion shifted fiber to test the system ability to resolve small chromatic delays. The proposed setup can resolve delays less than 0.1 ps/nm (which can be further improved by increasing the oscillation frequency) and measure CD with precision as low as 0.005 ps/nm.km as low as 20 seconds over a wavelength range from 1500 to 1630 nm. Further improvements may be possible by slightly better system design.