org-cycle-item-indentation

org-cycle-item-indentation is a compiled Lisp function in `org-list.el'.

(org-cycle-item-indentation)

Cycle levels of indentation of an empty item.
The first run indents the item, if applicable. Subsequent runs
outdent it at meaningful levels in the list. When done, item is
put back at its original position with its original bullet.

Return t at each successful move.