Since the OP mentions a wireless (networking) tool, I suspect the "two monitors" image is referring to the network connection, similarly as in Windows, where the little icon indicating a connected network shows two little monitors. When the connection goes down, the monitors either go dark, or have a red X over them.
Depending on the network tool, you may be able to select different icons; for example, when using Knemo to monitor network connections, one can choose between the "two monitors" icon, or a "two modems" icon, or a "two antennas" icon, etc..
So in short, if I'm on the right track, the icon just indicates a network connection.
Sasha
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