Database query: Notification about change?

Hi,
I plan to develop an application that is somewhat like a spreadsheet
with cells containing formulas. When a cell value is changed, things
must be updated. But the formulas can contain database queries, which
means that the cell has to be notified when the database changes in such 
a way that the result of the query changes. How is this done? I would 
really like to avoid recalculating the whole thing for each change to 
the database.

I looked in my database book and read about materialized views and 
triggers. It seems like I should do the following:
1. Make a materialized view from the query.
2. Add a trigger for changes to this view.
3. Make the trigger notify the application program when it is trigged.

Would this be possible? (I was planning to use Qt for application 
programming and database access.)

Thanks,
Erik