Welcome to the Forum !
The more information you can give, the better the answers you will get.
What you are describing sounds to me like a "velocity follower", where there is an encoder connected to a moving belt or mechanism, and you are trying to get an AC drive to follow that encoder's speed.
The 1769-L24ER-QBFC1B controller, as you have seen, has a 4-channel high-speed counter module embedded in it. It is similar, but not identical, to the 1769-HSC High Speed Counter module.
This isn't a motion axis; it's really meant for taking discrete actions on embedded Outputs based on fast encoder counts coming into the module.
I have not used the L24ER-QBFC1B controller personally, but from what I understand it is most similar to the 1769-HSC. Get the HSC user manual, Publication 1769-UM006, from the
RA Literature Library.
Set the counter up as a Ring Counter. For the maximum count, let's go ahead and enter the number of counts your encoder goes through in one revolution.
Then look at the automatically-defined Module Tags created for the module. You'll see a tag like
Local:3:I.Ctr0CurrentRate, which should tell you the number of pulses per second you are seeing from the encoder. Detailed information on the Cyclic Rate mode starts on Page 32 of the User Manual.