The INDIRECT Excel formula is a powerful tool that can be used to reference other sheets or workbooks in an Excel file. This formula allows you to use the contents of another cell as the cell reference in an equation. This can be very useful if you want to reference data from another sheet without having to manually enter the cell references each time.

For example, if you wanted to reference the value in cell A1 from Sheet2, you would normally use the formula =Sheet2!A1. However, using the INDIRECT formula, you can enter the following formula into any cell: =INDIRECT("Sheet2!A1"). This will pull the value from the specified cell on Sheet2 without the need for manually entering the cell reference each time.

In addition to referencing other sheets and workbooks, the INDIRECT formula can also be used to reference a range of cells. This way, you can use one cell reference to pull data from multiple cells at once. To do this, you would use a formula such as =INDIRECT("Sheet2!A1:A10"), which will reference the specified range of cells.

This formula can also be used to reference a named range. If you have a named range in your workbook, you can use the INDIRECT formula to reference it. For example, if you had a named range called "Data", you could use the formula =INDIRECT("Data") to reference all the data in the specified range.

In conclusion, the INDIRECT Excel formula is a powerful tool that can be used to reference other sheets and workbooks in an Excel file. It's a useful feature for when you want to reference data from another sheet without having to manually enter the cell references each time.