The invention provides a stylus, a touch panel, a display device and a touch sensing method. The stylus comprises a first emitting electrode, a second emitting electrode, wherein The distance betweenthe first emitting electrode and the second emitting electrode in the extending direction of the stylus is a first length; And a transmission circuit, wherein the emission circuit is respectively connected with the first emission electrode and the second emission electrode, and the transmitting circuit is used for transmitting a first electric signal outwards through the first transmitting electrode in a first time period and transmitting a second electric signal outwards through the second transmitting electrode in a second time period, so that the touch panel obtains the inclination angle ofthe touch pen relative to the touch panel according to the received first electric signal and second electric signal in combination with a first length; Wherein the first time period and the second time period are separated from each other, and the frequency of the first electric signal is different from that of the second electric signal. The touch precision of the active capacitive stylus can be improved.