File -> Preferences -> Settings -> type import -> Choose Python on the left

Click on "Edit in settings.json":

"python.analysis.extraPaths": ["/your/path/to/odoo-16.0/" ]

Restart VS Code and enjoy.

Following process worked for me:

Open Workspace Settings:

• In the Command Palette, search for Preferences: Open Workspace Settings (JSON), or select the workspace tab if you see it in the settings menu.

Add python.analysis.extraPaths in Workspace settings.json:

• Add the following line with the path to your Odoo source:

  jsonCopy code"python.analysis.extraPaths": [
      "/your/path/to/odoo-16.0/"
  ]
  

• Replace "/your/path/to/odoo-16.0/" with the actual path to your Odoo source folder.

Save and Restart:

• Save your changes in the settings.json file and restart VS Code to apply the settings.

Hi, I know your question was a long time ago but I'm new to odoo and I have this same problem. Finally, how did you solve it? I tried the solutions they gave you but it didn't work.

Hello, I find myself having the same problem, did you manage to solve it????

I have spent several days looking for a way to solve the problem but still can't find it... 

Do you have how to solve this problem ?

i have temporary problem to solve it
1. add the folder script in setting.json and add python.analysis.extraPaths setting for the workspace.
'Import "Path.to.own.script" could not be resolved Pylance (reportMissingImports)' in VS Code using Python 3.x on Ubuntu 20.04 LTS. but this is not work for me
2. below the SO answer, there are (1) In VS code you can edit the setting.json file. If you add "python.analysis.useImportHeuristic": true the linting error will be removed. i think this is dangerous because make you not cant see problem
3. (2) The alternative is to add # type: ignore at the end of the import code. i like this answer after compile and there are no error, i can put #type : ignore and problem is gone

That wavy line you are seeing because you may be opening a folder which contains odoo. Try opening only odoo named folder that you have downloaded at the time of installation. Your issue will be solved.

It troubled me as well when i initially started using odoo.

Sorry our company only uses VSCode so PyCharm is not an option for us. Thank you anyways

Have you tried PyCharm? This editor has many advantages over VSCode as is its search for code based on regex. It does not answer your question but the alternative is worth trying.