Ambari Metrics Service uses psutil library to collect host metrics. The metrics's explanation can be found here - https://pythonhosted.org/psutil/.
The Load graph contains the metrics for 1-minute / 5minute and 15minute Load average on the host.
For more information, from the psutil docs,
- Q: What about load average?
- A: psutil does not expose any load average function as it’s already available in python as os.getloadavg
https://docs.python.org/2/library/os.html#os.getloadavg