Per AG if you plan to have switches other than on/off for power you need to use switch debouncing. I have attached what I think you are after using a 555 with adjustable frequency configured as a free running astable oscillator and what the results would look like with LEDs. Also, in your posted circuit you do not need a resistor to limit the current to each LED. Using a 4017 there will only be a single LED on at any given time.
Anyway, I think the attached is what you are looking for.
Ron