This option exists for linux too but it works a little different. On windows you can change Digitalvibrance on the fly. On linux digitalvibrance is a special option for the XF86Config(-4) file. To activate the changes you need to restart X.
To use DVC add a line:
Option "DigitalVibrance" "x" to your screen or device section of your XF86Config(-4) file.
Where "x" is 0 (0ff), 1(low), 2(medium) or 3(high).