I would guess that it is a simple quadrature encoder, two of the leads could be 5v (red) & com (either the Black or blue, you may have to trace them to a ground trace to confirm) the other two the outputs, they may require pull up resitors to the +5 if they are open collector. But the type of medium is not obvious, as you say it does not look like optical, it is hard to see what the composition of the outer of the wheel is, it looks like a magnetic material? Probabally very low resolution 100 p/turn max. maybe.
Al
Greg, we must have been typeing in at the same time.
CNC, Mechatronics Integration and Custom Machine Design
“Logic will get you from A to B. Imagination will take you everywhere.”
Albert E.