Abstract: The present invention provides a method for referencing the position of a moving component. The method includes generating a first signal in response to the relative movement between a first sensor and encoder strip having a repeating pattern of fiducial marks, the first signal including a plurality of transitions corresponding to the repeating pattern; generating a second signal in response to the relative movement of a second sensor and the encoder strip, the second signal including a plurality of transitions corresponding to the repeating pattern; estimating a position of the moving component based upon the transitions within the first sensor signal; and identifying a direction of movement of the moving component in response to the first and second signals.