Timeline FX are effects you add directly to clips on the timeline. As such, they accelerate the process of creating and modifying effects because you don't have to enter the editor to apply them.
There are separate video and audio effects, depending on what type of clip you want to apply effects to.
Timeline FX follow a specific processing order. Each effect, regardless of when it is applied to a clip, will be processed in the same order in the pipeline.
The processing order of the Timeline Video effects is as follows:
The processing order of the Timeline Audio effects is as follows: