This answer is based off Bill Manville's macro from many years back. The macro still works, but I broke it out into functions allowing for more flexibility and reusability. The main addition by me is the ability to find external dependencies only, and the extension to both precedents and dependents. I also added a call to a custom macro called unhideAll; this was necessary for me as dependencies were not being found in hidden worksheets.
'Module for examining depedencies to/from a sheet from/to other sheets
Option Explicit
Sub showExternalDependents()
Dim deps As Collection
Set deps = findExternalDependents(ActiveCell)
Call showDents(deps, True, "External Dependents: ")
End Sub
Sub showExternalPrecedents()
Dim precs As Collection
Set precs = findExternalPrecedents(ActiveCell)
Call showDents(precs, True, "External Precedents: ")
End Sub
'external determines whether or not to print out the absolute address including workbook & worksheet
Sub showDents(dents As Collection, external As Boolean, header As String)
Dim dent As Variant
Dim stMsg As String
stMsg = ""
For Each dent In dents
stMsg = stMsg & vbNewLine & dent.Address(external:=external)
Next dent
MsgBox header & stMsg
End Sub
Function findPrecedents(rng As Range) As Collection
Set findPrecedents = findDents(rng, True)
End Function
Function findDependents(rng As Range) As Collection
Set findDependents = findDents(rng, False)
End Function
Function findExternalPrecedents(rng As Range) As Collection
Set findExternalPrecedents = findExternalDents(rng, True)
End Function
Function findExternalDependents(rng As Range) As Collection
Set findExternalDependents = findExternalDents(rng, False)
End Function
'Gives back only the dependencies that are not on the same sheet as rng
Function findExternalDents(rng As Range, precDir As Boolean) As Collection
Dim dents As New Collection
Dim dent As Range
Dim d As Variant
Dim ws As Worksheet
Set ws = rng.Worksheet
For Each d In findDents(rng, precDir)
Set dent = d
With dent
If Not (.Worksheet.name = ws.name) Then _
dents.Add Item:=dent
End With
Next d
Set findExternalDents = dents
End Function
'this procedure finds the cells which are the direct precedents/dependents of the active cell
'If precDir is true, then we look for precedents, else we look for dependents
Function findDents(rng As Range, precDir As Boolean) As Collection
'Need to unhide sheets for external dependencies or the navigate arrow won't work
Call mUnhideAll
Dim rLast As Range, iLinkNum As Integer, iArrowNum As Integer
Dim dents As New Collection
Dim bNewArrow As Boolean
'Appliciation.ScreenUpdating = False
If precDir Then
ActiveCell.showPrecedents
Else
ActiveCell.ShowDependents
End If
Set rLast = rng
iArrowNum = 1
iLinkNum = 1
bNewArrow = True
Do
Do
Application.Goto rLast
On Error Resume Next
ActiveCell.NavigateArrow TowardPrecedent:=precDir, ArrowNumber:=iArrowNum, LinkNumber:=iLinkNum
If Err.Number > 0 Then Exit Do
On Error GoTo 0
If rLast.Address(external:=True) = ActiveCell.Address(external:=True) Then Exit Do
bNewArrow = False
dents.Add Item:=Selection
iLinkNum = iLinkNum + 1 ' try another link
Loop
If bNewArrow Then Exit Do
iLinkNum = 1
bNewArrow = True
iArrowNum = iArrowNum + 1 'try another arrow
Loop
rLast.Parent.ClearArrows
Application.Goto rLast
Set findDents = dents
End Function
Sub mUnhideAll()
'
' mUnhideAll Macro
'
' Unhide All
Dim ws As Worksheet
For Each ws In Worksheets
ws.Visible = True
Next
'Sheets("Sprint Schedule Worksheet").Visible = False
End Sub