Exercise-induced ST-segment elevation in infarct-related leads is often seen on the treadmill exercise electrocardiogram of patients with anterior wall myocardial infarction. However, the cause of this phenomenon is still a matter of controversy. The purpose of this study was to evaluate the relation between the direction of ST-segment-heart rate (ST-HR) loop rotation and reversible myocardial ischemia in the infarct-related area. A total of 58 patients were enrolled in this study. They had healed anterior wall myocardial infarctions with single-vessel coronary artery disease and exercise-induced ST-segment elevations in the infarct-related leads, as observed on treadmill exercise electrocardiograms. All patients underwent treadmill exercise electrocardiography and dobutamine stress echocardiography at discharge. The direction of rotation of the ST-HR loop constructed from the treadmill exercise electrocardiogram and the dobutamine stress echocardiographic findings in the infarct-related area were compared. Counterclockwise rotation was seen in 26 of 58 patients. Compared with clockwise rotation, patients with counterclockwise rotation had significantly more viable myocardium (92% vs 69%, p = 0.04) and presence of reversible myocardial ischemia (58% vs 6%, p < 0.01). On the basis of the counterclockwise rotation findings, the diagnostic value of the presence of reversible myocardial ischemia was calculated. The sensitivity, specificity, and accuracy was 88%, 73%, and 77%, respectively. Counterclockwise rotation of ST-HR loops was strongly related to reversible myocardial ischemia in the infarct-related area. In conclusion, our results have shown that analysis of ST-HR loops may be useful in evaluating the cause of exercise-induced ST-segment elevation in infarct-related leads.