The most common and most likely answer to this crossword clue is the 8 letter word THATAWAY
I've seen this crossword clue in The Guardian
T
H
A
T
A
W
A
Y
More clues leading to the result THATAWAY
Buddy explains!
The straight part
We know that "in the direction indicated" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case in the direction indicated = thataway.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does THATAWAY mean?
THATAWAY adverb- That way (usually in terms of physical direction)