A digital locating receiver for receiving locating signals from underground objects, comprising: a main body, said main body housing at least one microcontroller and internal circuitry; a display screen located on the main body for providing visual feedback to a user; a handle portion for accommodating a hand of a user; an antenna arm having a first end, a second end and a first antenna set mounted on said second end of the antenna arm and comprising a set of three mutually orthogonal ferrite antennas, the receiver further comprising: a second antenna set being comprised of a set of three mutually orthogonal ferrite antennas; wherein said receiver is adapted to process locating signals acquired from an underground object by said first and second antenna sets (43, 45), and to produce an output on said display screen, said output representing the predicted location of the underground object; characterized in that said handle portion being a pistol grip including a trigger; said antenna arm being swivelably connected to said main body at said first end; and said second antenna set being housed within the main body of the receiver and in that the second antenna set is located a predetermined distance away from the first antenna set along a Z-axis, wherein the antennas of said first and said second antenna set further are oriented along mutually orthogonal axes X, Y, and Z. a main body, said main body housing at least one microcontroller and internal circuitry; a display screen located on the main body for providing visual feedback to a user; a handle portion for accommodating a hand of a user; an antenna arm having a first end, a second end and a first antenna set mounted on said second end of the antenna arm and comprising a set of three mutually orthogonal ferrite antennas, the receiver further comprising: a second antenna set being comprised of a set of three mutually orthogonal ferrite antennas; wherein said receiver is adapted to process locating signals acquired from an underground object by said first and second antenna sets (43, 45), and to produce an output on said display screen, said output representing the predicted location of the underground object; characterized in that said handle portion being a pistol grip including a trigger; said antenna arm being swivelably connected to said main body at said first end; and said second antenna set being housed within the main body of the receiver and in that the second antenna set is located a predetermined distance away from the first antenna set along a Z-axis, wherein the antennas of said first and said second antenna set further are oriented along mutually orthogonal axes X, Y, and Z. a second antenna set being comprised of a set of three mutually orthogonal ferrite antennas; wherein said receiver is adapted to process locating signals acquired from an underground object by said first and second antenna sets (43, 45), and to produce an output on said display screen, said output representing the predicted location of the underground object; characterized in that said handle portion being a pistol grip including a trigger; said antenna arm being swivelably connected to said main body at said first end; and said second antenna set being housed within the main body of the receiver and in that the second antenna set is located a predetermined distance away from the first antenna set along a Z-axis, wherein the antennas of said first and said second antenna set further are oriented along mutually orthogonal axes X, Y, and Z.