This strategy applies RSI indicator on VWAP, and determines long/short direction based on RSI threshold breakouts. Specifically, it goes short when RSI breaks above overbought level, and goes long when RSI breaks below oversold level. It also forces exit after consecutive threshold breaks for a certain period.

The advantage of this strategy is utilizing both RSI for overbought/oversold and VWAP for price trend, which helps filter out false signals. But it also risks lagging in identifying trend reversals. Fine tuning RSI parameters and the consecutive breakout period can optimize the strategy.

In summary, the RSI breakout VWAP strategy combines multiple indicators to identify trading opportunities, but requires careful testing and tuning to adapt to different market conditions. Controlling risk is crucial in order to apply this strategy in the long run.