An elastic bandage having an elongated length in which the bandage has a portion that extends along its length that is of a shade of a color that is a function of the amount the material is stretched, representing either a loose fit, a firm fit, or a tight fit. A novel color chart may be used with the elastic bandage that includes different shades printed thereon to assist the user during wrapping of the bandage around a part of a body. The elastic bandage may further include a second portion that extends along its length that is of a color different from the first portion and wherein, upon completion of a proper wrapping of the bandage, most of the first color of the first portion is visible and nearly none of the second color of the second portion is visible. The elastic bandage may further have a different color on its opposite side wherein the user places that opposite side down, toward the body part to be wrapped, and then upon completion of wrapping, an enclosure mechanism can properly be used to prevent the bandage from unraveling.