The multi-mode combination timer device can receive the GPS\GLONASS, No.1 BeiDou and loran-C at the same time. Since the multiple external frequency sources are introduced for the system, it is necessary to manage and monitor it. The wavelet decomposition atomic time algorithm is used to weight average the external reference signals in the wavelet domain, and the integrated time scales are obtained. The disciplined clock technology is employed to the time scale for calibrating the clock; the results indicate that the system can achieve fast timing and the complementary advantages of all kinds of resources.