Indicating the right quarter (5)

I believe the answer is:

there

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'indicating' is the definition.
The definition and answer are not the same part of speech.

'the right quarter' is the wordplay.
'right' becomes 'r' (common abbreviation).
'quarter' becomes 'e'.
'the'+'r'+'e'='THERE'

Can you help me to learn more?

(Other definitions for there that I've seen before include "in that case" , "In position" , "Expression of comfort" , "that's the point" , "expression of sympathy" .)

I've seen this clue in The Globe and Mail.

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