TimecodeMode Layer
The TimecodeMode layer controls whether the system chases timecode or ignores timecode. If it is set to default, then the layer will have no effect.
The layer allows you to change between the following timecode modes:
Default - The layer will have no effect.
Ignore - The layer will ignore incoming timecode for the duration of where the layer covers.
Chase - The layer will chase timecode. The chase mode is effectively saying, “The timecode tags on this area of the timeline will be triggered”.