diff --git a/public/app/plugins/datasource/cloudwatch/components/MetricStatEditor/MetricStatEditor.test.tsx b/public/app/plugins/datasource/cloudwatch/components/MetricStatEditor/MetricStatEditor.test.tsx
index bc1126972f3..f405361efb9 100644
--- a/public/app/plugins/datasource/cloudwatch/components/MetricStatEditor/MetricStatEditor.test.tsx
+++ b/public/app/plugins/datasource/cloudwatch/components/MetricStatEditor/MetricStatEditor.test.tsx
@@ -42,7 +42,6 @@ describe('MetricStatEditor', () => {
   describe('statistics field', () => {
     test.each(['Average', 'p23.23', 'p34', '$statistic'])('should accept valid values', async (statistic) => {
       const onChange = jest.fn();
-
       render(<MetricStatEditor {...props} onChange={onChange} />);
 
       const statisticElement = await screen.findByLabelText('Statistic');
@@ -53,9 +52,52 @@ describe('MetricStatEditor', () => {
       expect(onChange).toHaveBeenCalledWith({ ...props.metricStat, statistic });
     });
 
-    test.each(['CustomStat', 'p23,23', '$someUnknownValue'])('should not accept invalid values', async (statistic) => {
-      const onChange = jest.fn();
+    test.each(['CustomStat', 'p23,23', 'tc(80%:)', 'ts', 'wm', 'pr', 'tm', 'tm(10:90)', '$someUnknownValue'])(
+      'should not accept invalid values',
+      async (statistic) => {
+        const onChange = jest.fn();
 
+        render(<MetricStatEditor {...props} onChange={onChange} />);
+
+        const statisticElement = await screen.findByLabelText('Statistic');
+        expect(statisticElement).toBeInTheDocument();
+
+        await userEvent.type(statisticElement, statistic);
+        fireEvent.keyDown(statisticElement, { keyCode: 13 });
+        expect(onChange).not.toHaveBeenCalled();
+      }
+    );
+
+    test.each([
+      'IQM',
+      'tm90',
+      'tm23.23',
+      'TM(25%:75%)',
+      'TM(0.005:0.030)',
+      'TM(150:1000)',
+      'TM(:0.5)',
+      'TM(:95%)',
+      'wm98',
+      'wm23.23',
+      'WM(25%:75%)',
+      'WM(0.005:0.030)',
+      'WM(150:1000)',
+      'WM(:0.5)',
+      'PR(10:)',
+      'PR(:300)',
+      'PR(100:20000)',
+      'tc90',
+      'tc23.23',
+      'TC(0.005:0.030)',
+      'TC(:0.5)',
+      'TC(25%:75%)',
+      'TC(150:1000)',
+      'TC(:0.5)',
+      'ts90',
+      'ts23.23',
+      'TS(80%:)',
+    ])('should accept other valid statistics syntax', async (statistic) => {
+      const onChange = jest.fn();
       render(<MetricStatEditor {...props} onChange={onChange} />);
 
       const statisticElement = await screen.findByLabelText('Statistic');
@@ -63,7 +105,7 @@ describe('MetricStatEditor', () => {
 
       await userEvent.type(statisticElement, statistic);
       fireEvent.keyDown(statisticElement, { keyCode: 13 });
-      expect(onChange).not.toHaveBeenCalled();
+      expect(onChange).toHaveBeenCalledWith({ ...props.metricStat, statistic });
     });
   });
 
diff --git a/public/app/plugins/datasource/cloudwatch/components/MetricStatEditor/MetricStatEditor.tsx b/public/app/plugins/datasource/cloudwatch/components/MetricStatEditor/MetricStatEditor.tsx
index abfe5b6f40c..f6daaafc528 100644
--- a/public/app/plugins/datasource/cloudwatch/components/MetricStatEditor/MetricStatEditor.tsx
+++ b/public/app/plugins/datasource/cloudwatch/components/MetricStatEditor/MetricStatEditor.tsx
@@ -21,6 +21,10 @@ export type Props = {
   onChange: (value: MetricStat) => void;
 };
 
+const percentileSyntaxRE = /^(p|tm|tc|ts|wm)\d{2}(?:\.\d{1,2})?$/;
+const boundariesInnerParenthesesSyntax = `\\d*(\\.\\d+)?%?:\\d*(\\.\\d+)?%?`;
+const boundariesSyntaxRE = new RegExp(`^(PR|TM|TC|TS|WM)\\((${boundariesInnerParenthesesSyntax})\\)$`);
+
 export function MetricStatEditor({
   refId,
   metricStat,
@@ -116,7 +120,7 @@ export function MetricStatEditor({
                 if (
                   !statistic ||
                   (!standardStatistics.includes(statistic) &&
-                    !/^p\d{2}(?:\.\d{1,2})?$/.test(statistic) &&
+                    !(percentileSyntaxRE.test(statistic) || boundariesSyntaxRE.test(statistic)) &&
                     !datasource.templateSrv.containsTemplate(statistic))
                 ) {
                   return;
diff --git a/public/app/plugins/datasource/cloudwatch/standardStatistics.ts b/public/app/plugins/datasource/cloudwatch/standardStatistics.ts
index 0d03476a07b..43a2e6796a2 100644
--- a/public/app/plugins/datasource/cloudwatch/standardStatistics.ts
+++ b/public/app/plugins/datasource/cloudwatch/standardStatistics.ts
@@ -1 +1 @@
-export const standardStatistics = ['Average', 'Maximum', 'Minimum', 'Sum', 'SampleCount'];
+export const standardStatistics = ['Average', 'Maximum', 'Minimum', 'Sum', 'SampleCount', 'IQM'];
diff --git a/public/app/plugins/datasource/cloudwatch/variables.test.ts b/public/app/plugins/datasource/cloudwatch/variables.test.ts
index 88350e3e331..56ef68254ec 100644
--- a/public/app/plugins/datasource/cloudwatch/variables.test.ts
+++ b/public/app/plugins/datasource/cloudwatch/variables.test.ts
@@ -213,6 +213,7 @@ describe('variables', () => {
       { text: 'Minimum', value: 'Minimum', expandable: true },
       { text: 'Sum', value: 'Sum', expandable: true },
       { text: 'SampleCount', value: 'SampleCount', expandable: true },
+      { text: 'IQM', value: 'IQM', expandable: true },
     ]);
   });