Agree with
NJwirenut per the Colors -vs- Position on the Pot (Potentiometer).
With the Device's Shaft facing towards you:
- "RED" - to "Left-Side" of the Resistor (Terminal #1), for the Input Lead (DCV+ / Vss),
- "WHITE" - to the "Center / Wiper Lead" (Terminal #2), for the Loop-Back Lead,
- "BLACK" - to the "Right-Side" of the Resistor (Terminal #3), for the Ground Lead (DCV- / Vcc).
Terminate the Drains & Shields of all Cables at one common point. Isolate the Drain and Shield at the Pot, with Electrical Tape.
-- Scott