Joystick and picaxe 28X1

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Here is a pick of and old joystick from a 360 or ps controler,

I have 2 questions, the thigs on the side that sens the position are they potentiometer ? and would a chip like a picaxe or some other one be able to interpret the signal coming to it ?

 

Yes
Yes

thanks for the reply, so im

thanks for the reply, so im guessing these would be analogue imputs?

you are correct. If you
you are correct. If you are using a PicAxe or Parallax product there are examples on how to read the value of a potentiometer