Actually you want the "Now Playing" section of the "Player settings".
There is a drop-down where you can select the "Now Playing Information". You want one that includes "Elapsed Time", there are 4 that you can choose from.
If you'd like a "thermometer" type display ensure that "Include Buffer Fullness In Playing Display Mode List" is selected.
Experiment and see which one you like best.
Personally I prefer "remaining time" to "elapsed time", but to each his own!
