Should have a black plastic cap on the front that aligned with the marks on the side to give a rough indication of output pressure.
If you think its messed with rather than just the cap missing, smash it up and skip it. Then replace.
slackened right off will be no pressure right in will be full pressure once set they rarely need adjusting . if pressure was 2 high for your torch or heater it would just blow the flame out. just use as is .use an adjustable spanner to alter it if u need to