The Color Space Tool informs Magic Bullet Looks how to interpret the footage. To get the best results from Color Space, it's important to set the Source to the proper footage type and place it at the beginning of the Tool Chain.

Source: Sets an overal color adjustment for the type of footage you are using, "Video", "Flat", and "Log".

Exposure: Exposure stretches or compresses the Red, Green and Blue channels. Exposure is good for setting the overall brightness of the image. Use the Exposure when you want to add brightness compensation after adjusting the other correction controls..

Contrast: The Contrast slider helps define luminance detail. Positive/higher values add contrast bringing out detail in your image while Negative/lower values remove contrast, flatening your image. .

Saturation: The Saturation slider raises or lowers the colorfulness or intensity of color in your footage. Lower values drain color from the image, making it closer to grayscale. Higher values add color intensity and causes your image’s color to become more bold. .

White: The White slider adjusts the White point for the color adjustment performed by Source.

Black: The Black slider adjusts the Black point for the color adjustment performed by Source.