What are the common algorithms being used to measure the processor frequency?
Intel CPUs after Core Duo support two Model-Specific registers called IA32_MPERF and IA32_APERF.
MPERF counts at the maximum frequency the CPU supports, while APERF counts at the actual current frequency.
The actual frequency is given by:
You can read them with this flow
; read MPERF
mov ecx, 0xe7
rdmsr
mov mperf_var_lo, eax
mov mperf_var_hi, edx
; read APERF
mov ecx, 0xe8
rdmsr
mov aperf_var_lo, eax
mov aperf_var_hi, edx
but note that rdmsr is a privileged instruction and can run only in ring 0.
I don't know if the OS provides an interface to read these, though their main usage is for power management, so it might not provide such an interface.