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Aman bharti

LED Blinker/Flasher Circuit using bicolour led

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The datasheet of a CD4017B shows that its output current into a 2V LED when it has a 5V supply is only 3.5mA or less (looks dim).

Your circuit is mixing an old TTL 555 with an output voltage fairly low with a Cmos 4017 that needs a fairly high clock input voltage. A bad mix. 

I used a 74HC4017 (high current Cmos) clocked with a Cmos 555 and it makes very bright LEDs and since they are both Cmos they work together reliably.  

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