A non-intrusive diagnostic capability for determining the hypersonic shock and boundary layer structure was developed, installed, and successfully tested at the AEDC Hypervelocity Tunnel 9. This customized diagnostic involves a combination of a focused schlieren system, which relies on creating multiple virtual light sources using a Fresnel lens and a source grid, and a deflectometry system, which uses the focused schlieren and a photomultiplier tube. It was used for obtaining spatially resolved images of density gradients with a depth of focus less than one centimeter, while allowing high frequency measurements of density fluctuations. The diagnostic was applied in investigating the second-mode instability waves present in the boundary layer of a sharp-nosed cone submerged in a Mach 10 flow. The waves were successfully imaged and their frequencies were measured even though the flow density was below 0.01 kg/m^3 and the frequencies over 200 kHz. This adds a new capability to hypersonic testing.