Abstract: A device is provided for measuring angular displacement and rotational movement of a shaft or linear displacement of an object comprising a light source, a Multichannel Fiber Optic Bundle, an optical code wheel or linear scale with optical tracks for light modulation, including typically a raster and a reference mark, a system of photodetectors, amplifiers, comparators of analog signals and a digital electronic block. The device forms a sequence of electric pulses whose number is proportional to displacement, a set of pulses indicating zero position of the disk, and also a logic signal indicating the direction of the displacement. A multichannel fiber optic bundle provides channels for the transmission and collection of light from the light source to the sensing site and back to the photodetectors and for light intensity monitoring of the source.