if the leds are similar to the classified
Those 5 LED's are voltage indicator lights that can help you diagnose voltage problems with your video card.
With the gpu fans facing towards you and the power connectors facing up, the LEDs are, from left to right:
GPU - This indicates if voltage to the video card's GPU is good
MEM - This indicates if voltage to the video card's memory is good
PLL - This indicates if the voltage for auxillary components such as fans, LEDs, etc. is good
3.3V - This indicates if the voltage supplied from the motherboard via PCIe slot is good
12V - This indicates if the voltage from the 12v input from the power supply is good