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 , 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 (D) 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 , 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 (D) 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 , 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 (D) 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. <EOS>