The invention discloses a novel automatic water pipe type settlement meter measuring device which comprises an observation screen. Multiple observation pipes are arranged in the observation screen, and a temporary water tank is arranged behind the observation screen and communicated with the observation pipes; pressure sensors are installed under the observation pipes; the observation screen is connected with a water storage barrel assembly, and the water storage barrel assembly comprises a water storage barrel, a liquid level switch, a connecting pipe, a booster pump and a four-way valve, wherein the inner wall of the water storage barrel is provided with the liquid level switch, the bottom of the water storage barrel is provided with the booster pump, one side of the booster pump is connected with water storage barrel, and the other side of the booster pump is connected with the observation screen and an artificial water tank through the four-way valve. According to the novel automatic water pipe type settlement meter measuring device, a novel automatic water pipe type settlement meter is high in precision, accuracy and long-term stability, automatic monitoring on vertical displacement of an earth and rockfill dam is completely achieved, the measuring time and the measuring frequency can be separately set, manpower and material resources are saved, the measuring cost is lowered, the measuring precision is improved, and the device can be widely applied to internal vertical displacement monitoring of the earth and rockfill dam and other similar projects.