In the waveform design, the distance measurement and resolution are a pair of irreconcilable contradictions. Linear Frequency Modulation (LFM) can alleviate this contradiction. LFM is widely used in radar and sonar, however, its Doppler tolerance is not ideal. Hyperbolic Frequency Modulation (HFM) signal has a particularly strong tolerance towards Doppler frequency shift. However, when the unidirectionally modulated HFM signal is in distance measurement, the Doppler delay of the matched filtering output cannot be eliminated, and there is a ranging error. After the echo signal of the combined HFM+LFM signal is matched filtering, the Doppler-induced delay is the same but opposite in direction, and the delay is closely related to the frequency, bandwidth, and pulse width of the transmitted signal. By using the combined signals, the ranging error in the ranging of single modulated HFM signal or LFM signal can be eliminated. In this paper, a Ranging and Speed measurement method by jointing Hyperbolic frequency modulation and Linear frequency modulation (RSHL) is proposed, which employs the same frequency band of positive and negative frequency modulation signals for speed measurement and ranging. In RSHL method, the signal parameters of the combined LFM+HFM signal can be set independently and no longer depend on each other. Therefore, the pulse width and frequency band in the combined LFM+HFM signal can be controlled independently, which can optimize the transmission signal form, reduce the operation cost, improve the measurement accuracy, and make full use of frequency band resources or pulse width resources.