Yellow button controls both tractor & trailer, red is trailer charge, blue is as said tractor parking.
But that system was simplified with the MV3 two button yellow/red in mid eighties. The first
MV3's were a bolt together white plastic valve that had several issues such as warpage between
the two halves, incessive leaking was a common issue, doubt there are any left on the road that
still have the white plastic valve. The MV3 can have either button pushed in while one is out,
but pulling the yellow automatically trips the red also, but yellow can be pulled while holding
red button in and vis/verse. The blue was liked for one reason for fact tractor brakes could be
released while the red button was pulled setting trailer brakes only, allowing brakes on tractor
to not freeze in winter parking. Below is a Bendix Test that describes what MV3 does and doesn't
do, plus the often confused trip pressures that are or aren't regulated by Federal DOT Motor Carrier
rules.
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https://www.truckpartsandservice.co...endix-tech-tips-on-dash-valves-trip-pressures