A new type of vibration structure of vertical dynamic balancing machine is designed, which is based on the analysis for swing frame of a traditional vertical dynamic balancing machine. The static unbalance and couple unbalance can be separated effectively by using the new machine with the new swing frame. By building the dynamics model, the advantages of the new structure are discussed in detail. The modal and harmonic response are analyzed by using the ANSYS7.0. By comparing the finite element modal analysis with the experimental modal analysis, the natural frequencies and vibration modes are found out. There are many spring boards in the new swing frame. Their stiffness is different and assort with each other. Furthermore, there are three sensors on the measurement points. Therefore, the new dynamic balancing machine can measure the static unbalance and couple unbalance directly, and the influence between them is faint. The new structure has the function of belt-strain compensation to improve the measurement precision. The practical result indicates that the new vertical dynamic balancing machine is suitable for inertial measurement of flying objects, and can overcome the shortcomings of traditional double-plane vertical dynamic balancing machines. The vertical dynamic balancing machine with the new vibration structure can be widely used in the future applications. The modeling and analysis of the new vibration structure provide theoretic instruction and practical experience for designing new type of vertical dynamic balancing machines. Based on the design principles such as stiffness-matching, frequency-adjacence and strain-compensation and so on, various new type of vibration structures can be designed.