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Hi, I'm Mike G and I'll be assisting you. Move it back into position. It is only a specific indicator and as long as you know where it should be ythe timer will work even if it was removed. It has no mechanical function to prevent the timer from operating. Lifting the disk is how you change the set time.
The indicator is at the top of the disk and the on and off troopers are set on the disk as desired. Thetime ofday will always be at the 12 o'clock position.
The pointer is at the top and when the disk turns will have the time as shown on the disk at the top. That's the time of day, at the top.