The invention provides a dynamic pumping unit balance adjusting device and belongs to the technical field of umping unit balance adjustment. The device comprises a first liquid storage tank, a second liquid storage tank, a liquid guiding pipe, an air guiding pipe, an electric control valve, a bidirectional water pump, liquid volume measurement devices, communicating pipe liquid lever meters and a controller. The first liquid storage tank is fixed to the vicinity of the tail portion of a pumping unit walking beam, the second liquid storage tank is fixed to the vicinity of a horse head on the pumping unit walking beam, the two liquid storage tanks are identical in volume, the lower portions are communicated through the liquid guiding pipe, and the tops of the tanks are communicated through the air guiding pipe. The communicating pipe liquid levers are installed outside the two liquid storage tanks, and the liquid volume measurement devices are installed inside the two tanks. The electric control valve and the bidirectional water pump are installed on the liquid guiding pipe, the controller controls work to make liquid flow between the two liquid storage tanks, and dynamic pumping unit balance adjustment is achieved. The device performs pumping unit balance adjustment in a shutdown state and a non-shutdown state and has the advantages of being simple and reliable in structure, accurate and rapid to adjust, wide in application range, convenient to operate, lower in cost, convenient to maintain and the like.