In the ubiquitous health monitoring environments, it is quite important not only to evaluate the physiological health condition but also mental stress condition. In order to achieve this goal, a heart activity monitoring system utilizing a wearable bipolar electrode is devised and the heart rate variability(HRV) is extracted and interpreted in both frequency and time feature domains. Consequently, to evaluate the emotional stress condition of the subjects, a stress-induced experimental protocol was applied to healthy subjects and the time and frequency features of heart activity were analyzed in terms of the ratio of low frequency components v.s., high frequency components and the relevant the moving average distributions compromising the successive RR peaks intervals in the ambulatory ECG measurement system.