The Crank Sensor is supplied 12 vdc & a Ground......The Middle circuit/wire on the connector is the Signal Circuit.
As the engine spins, A Zero to 12 volt Square Waveform is produced. I'm guessing you don't have a scope to see this Waveform.
While cranking the engine.....Using a Multimeter hooked to ground, While probing the Signal Circuit......You should see a "Average" Voltage of around 4 volts on a working sensor.