The paper proposes a new approach to assessing the residual resource of the wall of a vertical steel tank by the criterion of low-cycle loading, taking into account its actual deformations. The method is based on the principle of measuring the difference in the power of the luminous flux at the ends of the light tube (light guide) when it is bent. An experiment was carried out using an optical pair (LED and photodiode) and an optical fiber. For this purpose, templates with known radii of curvature were prepared, a prototype of an Arduino-based device was developed and an optical fiber was manufactured, which was subsequently fixed on the wall of a two-hundred-liter metal barrel. As a result of the experiments, a formula was obtained for determining the curvature of the wall depending on the readings of the sensor. The sensitivity of the proposed method is estimated. An algorithm for determining the number of cycles before the formation of fatigue cracks is proposed, taking into account the actual values of the wall deflection.