Organic light emitting diodes (OLEDs) were fabricated containing host molecule of conjugated polymer MEH-PPV poly (2-methoxy-5-(2'-ethylhexyloxy)-1,4-phenlenevinylene) which was dissolved in chloroform solvent and doped with guest molecules MWCNTs that were dissolved in DMF solvent with different volume ratios 0.05 and 0.15, nanocomposite system which acts as active layer in OLEDs device. The Poly(3,4-ethylenedioxythiophene):poly-(styrenesulfonate) "PEDOT:PSS" and Tris98-hydroxyquinoline) aluminum "Alq3" as hole transport layer HTL and electron transport layer ETL were used respectively, to enhanced the injection charge from the electrodes to the active layer. Spin coating method used for achieving facile and low cost OLED. The absorption spectrum for active layer examined by UV-Vis. It explained that the absorbance decreases with increasing volume ratio of CNTs:; PL spectrum detected two curves quenching and recombination process results of doping with CNTs and AFM measurement shows increasing of roughness average from (0.168 to 0.668) nm with increasing the volume ratio of CNTs. Current – voltage " I-V " characteristics were determined for OLED, it has MEH-PPV:MWCNTs as active layer,it is found that the threshold voltage for MEH-PPV diode is 2.5 V and decrease with increase CNT, while the current density increases due to tunneling majority and minority charge at interface between hole transport layer HTL, electron transport layer ETL and active emission layer EML. The specific nanocomposite thin film at 0.85:0.15 volume ratio of (MEH-PPV:MWCNTs) as active mission layer EML emitted tunable light color at specific voltage.