You need to have the PFI0 and PFI1 of the 6024E to sense a transistion for a Start and a Stop. I have been succesful doing this on a 6602 Timer -6024E DAQ card at least in going from one direction (CW). The 6602 can have an encoder input in which you can code a velocity measurement VI or this may also be present on 7344 card? I have attached my debug version that has worked on my optical bench for your reference.
Bernardino Jerez Buenaobra
Senior Test and Systems Development Engineer
Test and Systems Development Group
Integrated Microelectronics Inc.- Philippines
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email: Bernardino.Buenaobra@ph.global-imi.com