Explanation/Reference:
Explanation:
Step 1: Create a Storage Pool
First we create a Storage Pool. We specify which disks should be included in the storage pool.
Example:

Step 2: Create a Virtual Disk
After creating the storage pool now start creating a virtual disk for the pool you had created.
When the storage pool wizard finishes, just mark the create a virtual disk option to create a virtual disk

after this wizard.
Select the storage pool to create a virtual disk.

Later in the New Virtual Disk wizard you select the Storage Layout. Select Parity.

Step 3: Create a Volume
After creating the virtual disk, create a volume with the New Volume Wizard.
You create the volume on the Virtual Disk you created in Step 2.

References: http://www.tactig.com/create-a-storage-pool-windows-server/