You can do almost any calculation in LabVIEW. It has a huge set of analysis functions and you can always write anything it does not have. If you can not find what you need in LabVIEW, check these forums and the
LAVA forums; chances are good someone has done it already.
What version of LabVIEW are you using? There is a VI,
Amplitude and Levels, which does exactly what you want. However, it only exists in the Full and Pro versions. It was introduced about 7.0 or 7.1, so if your version is 7.1 or newer, you should be good. Make sure you understand how it works so you can set the inputs correctly for your application.
If you do not have the Full/Pro version, you can write this yourself more easily in LabVIEW than can be done in Excel (assuming you were equally skilled in both). There are a variety of algorithms, from a simple max/min (use
Array Max & Min) to Fourier analysis, peak/valley find, and non-linear fitting. LabVIEW can do it all. So can Excel, but Excel gets unwieldy when your data sets get larger than about 2000 points.