The invention discloses an AMOLED (active matrix/organic light emitting diode) drive circuit, a display panel and a display. The AMOLED drive circuit comprises a capacitor, a first thin film transistor, a second thin film transistor, a first OLED (organic light emitting diode) and a second OLED, wherein the first thin film transistor comprises a first grid, a first source and a first drain, the first grid is connected with a scanning signal line, the first source is connected with a signal line, and the first drain is connected with the capacitor; the second thin film transistor comprises a second grid, a second source and a second drain, the second grid is connected with the first drain, the second source is connected with a first level, and the second drain is connected with a second level; the first OLED and the second OLED are located between the sources of the first thin film transistor and the second thin film transistor and arranged in parallel, the polarities of the first OLED and the second OLED are opposite, the size relation between the first level and the second level is alternatively varied in adjacent two frame times, and the first OLED and the second OLED are alternatively conducted in adjacent two frame times. According to the invention, two OLEDs which are opposite in polarity are arranged in the AMOLED drive circuit, and the two OLEDs alternatively emit light, so that the thin film transistors are driven to work in an alternating-current mode, and then driven to be subjected to Vth drift caused by direct-current bias.