Not quite...
ORP stands for oxidation-reduction potential and it is a measure of the tendency of any chemical species to either be oxidized (lose and electron) or reduced (gain an electron) in an aqueous environment. It is typically measured using a platinum or gold electrode that is compared to another reference electrode with a known potential (all of this is built into one small probe). So, an ORP probe doesn't measure any one chemical species specifically but rather the overall condition of the solution it is dipped into. When you place the probe into pool water it is telling you how easily an electron can be gained by the probe and thus how strongly "oxidizing" your pool water is.
It doesn't.
ORP is a general characteristic of your pool water. Any oxidizer present will cause a change in ORP. So adding chlorine to the water raises the ORP voltage...but so does adding hydrogen peroxide, or bromine, or ozone, or UV light, etc, etc, etc.. Any oxidizing species added increases the ORP. As well, the condition of the water, ie, pH, TA, salinity, etc., affects the ORP voltage as well.
Finally, Cyanuric Acid, or stabilizer, changes (or reduces) the amount of available hypochlorous acid (HOCl) in the pool water. HOCl is the primary oxidizing species of chlorine in pool water. Therefore it's concentration is what the ORP sensor will react to. If there isn't enough of it in the water, then the ORP voltage reading will fluctuate and be more sensitive to other parameters like UV light or the presence of chlroramine, etc, etc..
In short, there is no direct 1-to-1 correlation between chlorine levels and ORP. In pool water, it becomes a very complicated mixture of multiple parameters.
This is the problem with ORP control over your SWG running or not running - anything that affects ORP that isn't related to chlorine levels might cause the SWG to either run when it doesn't need to OR not run when it should.
A better, but far less desirable way to use ORP, is to treat it as a waring sign. You could run the SWG in a duty-cycle mode and measure your actual FC doing daily testing. Then, with the ORP simply as a readout, track ORP versus FC and look for a correlation. Then, once you understand your system better, you can test less often and use the ORP as a warning to either increase or decrease your SWG output manually.
You can only do this if your cyanuric acid levels are very low, typically below 20ppm. However, what will happen is your SWG will run constantly and you will wear out your salt cell faster than a typical SWG pool that simply uses a duty-cycle method and keep the CYA high.
Why??
Because SWG's add chlorine very slowly to pool water. SWG pools need high CYA levels to protect the chlorine generated from burning off in the sun. With no CYA or very low CYA, the chlorine put out by the SWG will almost instantly get used up. In the overnight hours, when pumps and SWG are not running, your pool water will be dangerously low in FC or not have any at all and that will lead to an algae bloom.
Sorry, but this is why TFP does not endorse the use of ORP as a control method for SWG systems nor the use of "low chlorine". There is nothing wrong with chlorine at any level as long as pool water chemistry is properly maintained. A swimming pool with 50ppm CYA and 3-4ppm FC has 17 times less hypochlorous acid concentration than a pool with 0 CYA and 1ppm FC. Pool's that follow TFP's FC/CYA ratio are far less harsh on the skin, eyes and bathing suits than pools that try to operate any other way.