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Every time i have seen a wrench light its been a blocked air filter of some form (snow, dust, ice, water yeah i'm looking at you @mnblly), check your MAF also.
I wished that was the problem with mine. I checked the air filter and it's clean.
Now my first run in with the wrench light was after drying in snowy conditions but the light persisted despite the weather after that point. I gave it to Ford and they said it was the Mechatronics unit. Ford replaced the Mechatronics Unit and 4 days later my truck is screwed up again...this time it doesn't shift gears completely...only the first 2-3 gears tops.
I'll mention the MAF to Ford tomorrow and see what happens. The idea that this transmission can be effected by something as simple as a dirty air-filter or MAF is idiotic. Not you guys, the designers.
Well i think the wrench light means torque miscalculation, but its commonly caused by air flow issues. Maybe your torque converter is failing? @13raptorcrew may be able throw you more ideas for things to check.
Correct, a wrench light is likely a torque mis calculation, which (due to the way we use these trucks) is likely caused by dirt/snow/ice/water/bugs on the MAF sensor. If the sensor cannot detect the amount of air entering (due to the aforementioned conditions) the PCM will have a hard time trying to calculate the load.
Transmission shift points take into account engine load.
But based on @SVTRay 's mention of the shifting only the first 3 gears, a transmission concern is possible. The PCM is monitoring many things and has determined that whatever concern is present may result in further harm therefore it may take away functions to reduce the collateral damage.
Sorry for the troubles @SVTRay but hopefully the dealer can find out what is wrong.