I first learned of the concept you are describing from a training for the Niles Intellicontrol back 20 something years ago. Niles called it an “input toggle” when a single command cycled through multiple states. Commonly the definition of a toggle is viewed as between 2 objects, states, settings, etc. The alternative to this is when used as an intransitive verb. This type of verb does not allow only one object to follow and is not limited to two.

Toggle
verb(intransitive)
To alternate between two or more electronic, mechanical, or computer-related options, usually by the operation of a single switch or keystroke: toggled back and forth between two windows on the screen.

So back to the original question, I think you’re good to call it a toggle. I feel like Niles has enough IR historical prowess to use their definition.