timeline_loop;
Returns: Boolean
This variable will return whether the time line is looping
(true) or not (false). You can change this variable to switch
looping on or off and it works with a negative time line speed (if
the time line position goes below 0 it will start again at the last
defined moment).
if !timeline_loop timeline_loop = true;
The above code checks to see of the time line currently assigned to an instance will loop or not and if it doesn't it sets it to true.