This paper presents a practical assessment and validation for the new proposed approach based on the continuous wavelet transform (CWT) to obtain the frequency response from online transient signals for an actual transformer. Apart from the mathematical procedure, an electronic system was also designed and implemented in order to inject superimposed controlled pulses to the power system (50/60 Hz) wave. The results show improved performance of the wavelet transform compared to the Fourier transform, for transient signal analysis to be applied on a nonintrusive transformer monitoring approach. Particularly, this new approach enables overcoming some problems related to the signal filtering and the signal processing in an online frequency-response analysis transformer diagnosis. This paper is presented in three parts. Part I showed the main theoretical basis of this approach. The current Part II shows a practical assessment based on tests performed in a three-phase transformer of 1150/345 V-5 kVA and in a single-phase transformer of 13200/240 V-15 kVA. Part III shows the performance of this new approach on transformers being diagnosed under real conditions.