The invention provides an OLED pixel driving circuit and a display device. The OLED pixel driving circuit comprises a first transistor (T1), a second transistor (T2), a third transistor (T3), a fourth transistor (T4), a transistor fifth (T5), a driving transistor (DTFT), a storage capacitor (C1), a light emitting diode (D1), a first voltage source (VDD), a second voltage source (VSS), an initialization power source (Vinit), a data signal line (Data), a first node (d), a second node (g), a third node (s) and a fourth node (a); and the OLED pixel driving circuit is provided with a first selection signal line (S1), a second light emission control line (S2), a third light emission control line (S3), or is provided with a first selection signal line (S1), a selection second signal line (S21) and a third light emission control line (S3). With the OLED pixel driving circuit and the display device of the invention adopted, threshold voltage Vth and power source voltage drop can be effectively supplemented, the problem of organic material polarization of an organic light emitting diode (OLED) can be avoided, and the display effect of the display device can be improved, and the service life of the display device can be prolonged.