What is this eye, and what does it mean? Well, it can have two names, the Eye of Ra, and the Eye of Horace, as they became linked under the common title of. Learn about the Eye of Ra, one of the most famous and widely used symbols in ancient Egypt. The Eye of Horus is an ancient Egyptian symbol of protection, royal power and good health. The Eye of Horus is similar to the Eye of Ra, which belongs to a different god, Ra, but represents many of the same concepts. from the Egyptian "iaret" meaning "risen one" from the image of a cobra rising up in protection. Wadjet Horus · As hieroglyph and symbol · Mathematics · Gallery.