By selecting this, the XY position of the mouse pointer will be reported in the upper left hand corner of the window. The Set Offset item allows you to have the time axis offset by a particular amount...By selecting this, the XY position of the mouse pointer will be reported in the upper left hand corner of the window. The Set Offset item allows you to have the time axis offset by a particular amount, which can be useful if you’re “flying in” segments of audio. To use them, zoom and pan to a desired magnification level and portion of the wave, and then select one of Set View items.