Option Explicit
Private Sub Worksheet_Change(ByVal Target As Range)
       With Application: .DisplayAlerts = 0: .Iteration = 0
           If Me.CircularReference Is Nothing Then .DisplayAlerts = 1: Exit Sub Else
           Dim dic: Set dic = CreateObject("scripting.dictionary")
           Dim cell As Range, rngRef As Range
           Set rngRef = Nothing
           For Each cell In Me.UsedRange.SpecialCells(xlCellTypeFormulas)
               If Not Intersect(cell.Precedents.Cells, cell) Is Nothing Then
                   dic(cell.Address) = cell.Precedents.Address
                   If rngRef Is Nothing Then Set rngRef = cell.Precedents _
                   Else Set rngRef = Union(rngRef, cell.Precedents)
               End If
           Next cell
           Dim rngAC As Range, rngSel As Range, strAddr
           Set rngSel = Selection: Set rngAC = ActiveCell
           If Intersect(rngRef, Target) Is Nothing Then GoTo lb
           .ScreenUpdating = 0: .EnableEvents = 0: .Iteration = 1
           For Each strAddr In dic.keys
               .ScreenUpdating = 0: .EnableEvents = 0:
               If Not Intersect(Range(dic(strAddr)), Target) Is Nothing Then
                   With Range(strAddr)
                       .Select: .Replace "=", "="
                       Do: .Calculate: Loop Until [check]
                   End With
                End If
           Next
           rngSel.Select: rngAC.Activate
lb: .ScreenUpdating = 1: .EnableEvents = 1: .DisplayAlerts = 1: End With
       Set dic = Nothing
       Set cell = Nothing: Set rngRef = Nothing: Set rngAC = Nothing: Set rngSel = Nothing
End Sub

Option Explicit
Private Sub Worksheet_Change(ByVal Target As Range)
     With Application: .DisplayAlerts = 0: .Iteration = 0
         'если нет итеративных формул, выйти из процедуры
         If Me.CircularReference Is Nothing Then .DisplayAlerts = 1: Exit Sub Else
         'создаем словарь
         Dim dic: Set dic = CreateObject("scripting.dictionary")
         Dim cell As Range, rngRef As Range
         'перебираем все ячейки с формулами
         For Each cell In Me.UsedRange.SpecialCells(xlCellTypeFormulas)
             'если диапазон ячейки пересекается с диапазоном влияющих на нее ячеек
             If Not Intersect(cell.Precedents.Cells, cell) Is Nothing Then
                 'то добавляем в словарь (адрес диапазона влияющих ячеек) с ключем (адрес ячейки)
                 dic(cell.Address) = cell.Precedents.Address
                 'и объединяем диапазон влияющих ячеек с диапазоном rngRef
                 If rngRef Is Nothing Then Set rngRef = cell.Precedents _
                     Else Set rngRef = Union(rngRef, cell.Precedents)
             End If
         Next cell
         Dim rngAC As Range, rngSel As Range, strAddr
         'записываем в переменные текущее выделение и активную ячейку
         Set rngSel = Selection: Set rngAC = ActiveCell
         'измененные ячейки не входят в диапазон rngRef, то выйти из процедуры
         If Intersect(rngRef, Target) Is Nothing Then Exit Sub
         .ScreenUpdating = 0: .EnableEvents = 0: .Iteration = 1
         'перебираем адреса ячеек (strAddr) в ключах словаря
         For Each strAddr In dic.keys
             .ScreenUpdating = 0: .EnableEvents = 0:
             'если измененные ячейки входят в диапазон соответсвующего элемента словаря (Range(dic(strAddr))
             If Not Intersect(Range(dic(strAddr)), Target) Is Nothing Then
                 With Range(strAddr)
                     'то выделяем ячейку Range(strAddr) и перевводим в ней формулу
                     .Select: .Replace "=", "="
                     'пересчитываем ячейку, пока значение имени Check станет равным ИСТИНА
                     Do: .Calculate: Loop Until [check]
                 End With
              End If
         Next
         'возвращаем выделение и активную ячейку из переменных
         rngSel.Select: rngAC.Activate
lb: .ScreenUpdating = 1: .EnableEvents = 1: .DisplayAlerts = 1: End With
     'очищаем переменные
     Set dic = Nothing
     Set cell = Nothing: Set rngRef = Nothing: Set rngAC = Nothing: Set rngSel = Nothing
End Sub